Post Utme Bells University 2023 Economics Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Bells University Economics examination.

Post Utme Bells University 2023 Economics Objective / Multiple Choice
Question 12 POST_UTME_BELLS_UNIVERSITY • 2023 • 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 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. $20 million
B. $30 million
C. $40 million
D. $50 million
Correct Answer
A
Correct Option:
$20 million

About This Question

This is Post Utme Bells University 2023 Economics Question 12. It is one of the objective questions from the 2023 Post Utme Bells University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support