Post Utme Babcock University 2020 Economics Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2020 Economics Objective / Multiple Choice
Question 12 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is $100 million and the value of imports is $80 million, what is the balance of payments?

Answer Options

Correct Answer A. $10 million surplus
B. $10 million deficit
C. $20 million surplus
D. $20 million deficit
Correct Answer
A
Correct Option:
$10 million surplus

About This Question

This is Post Utme Babcock University 2020 Economics Question 12. It is one of the objective questions from the 2020 Post Utme Babcock University Economics examination.

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