Post Utme Babcock University 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M - \( I - S \). If the country's exports (X) are ₦100 billion, imports (M) are ₦80 billion, and the difference between investment (I) and saving (S) is ₦20 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦20 billion surplus
B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
A
Correct Option:
₦20 billion surplus

About This Question

This is Post Utme Babcock University 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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