Post Utme Babcock University 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_BABCOCK_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦500 billion. However, the country also has a surplus of ₦200 billion in its services account. What is the overall balance of payments position of the country?

Answer Options

A. A trade deficit of ₦300 billion.
B. A trade surplus of ₦200 billion.
C. A balance of payments surplus of ₦300 billion.
Correct Answer D. A balance of payments deficit of ₦300 billion.
Correct Answer
D
Correct Option:
A balance of payments deficit of ₦300 billion.

About This Question

This is Post Utme Babcock University 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Babcock University Economics examination.

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