Post Utme Bowen University 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_BOWEN_UNIVERSITY • 2018 • ECONOMICS • objective

A country's GDP is ₦1.2 trillion. Its imports are ₦400 billion and its exports are ₦300 billion. What is its balance of trade?

Answer Options

A. ₦100 billion surplus
Correct Answer B. ₦100 billion deficit
C. ₦200 billion surplus
D. ₦200 billion deficit
Correct Answer
B
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Bowen University 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Bowen University Economics examination.

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