Post Utme Babcock University 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2019 Economics Objective / Multiple Choice
Question 37 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M. If the country's exports are ₦500 billion and imports are ₦600 billion, what is the balance of payments?

Answer Options

A. ₦100 billion surplus
Correct Answer B. ₦100 billion deficit
C. ₦500 billion surplus
D. ₦500 billion deficit
Correct Answer
B
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Babcock University 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Babcock University Economics examination.

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