Post Utme Caleb University 2018 Economics Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2018 Economics Objective / Multiple Choice
Question 13 POST_UTME_CALEB_UNIVERSITY • 2018 • ECONOMICS • objective

A country's GDP is ₦100 billion, its imports are ₦20 billion, and its exports are ₦15 billion. What is its balance of trade?

Answer Options

A. ₦5 billion surplus
Correct Answer B. ₦5 billion deficit
C. ₦10 billion surplus
D. ₦10 billion deficit
Correct Answer
B
Correct Option:
₦5 billion deficit

About This Question

This is Post Utme Caleb University 2018 Economics Question 13. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.

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