Post Utme Bells University 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Bells University Economics examination.

Post Utme Bells University 2020 Economics Objective / Multiple Choice
Question 38 POST_UTME_BELLS_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments 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 country's exports are (₦100) billion and its imports are (₦120) billion, what is the country's balance of payments?

Answer Options

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

About This Question

This is Post Utme Bells University 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Bells University Economics examination.

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