Post Utme Babcock University 2024 Economics Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 22 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GNP is ₦120 billion, its imports are ₦80 billion, and its exports are ₦60 billion. What is its balance of trade?

Answer Options

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

About This Question

This is Post Utme Babcock University 2024 Economics Question 22. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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