Post Utme Bells University 2021 Economics Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Bells University Economics examination.

Post Utme Bells University 2021 Economics Objective / Multiple Choice
Question 33 POST_UTME_BELLS_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ₦-100 billion
B. ₦0
C. ₦100 billion
D. ₦200 billion
Correct Answer
A
Correct Option:
₦-100 billion

About This Question

This is Post Utme Bells University 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Bells University Economics examination.

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