Post Utme Bsu 2021 Economics Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 38 POST_UTME_BSU • 2021 • ECONOMICS • objective

A country's balance of payments (BOP) accounts are given by the following equations: Exports (X) = 100 + 0.5Y, Imports (M) = 50 + 0.2Y, where Y is the country's GDP. If the country's GDP is 1000, what is the country's trade balance?

Answer Options

A. ₦50
Correct Answer B. ₦100
C. ₦150
D. ₦200
Correct Answer
B
Correct Option:
₦100

About This Question

This is Post Utme Bsu 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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