Post Utme Caleb University 2019 Economics Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice
Question 30 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

A country's trade balance is given by the equation TB = X - I, where X is the country's exports and I is its imports. If the country's exports are ₦500 billion and its imports are ₦600 billion, what is the country's trade balance?

Answer Options

A. ₦100 billion
B. ₦200 billion
Correct Answer C. ₦300 billion
D. ₦400 billion
Correct Answer
C
Correct Option:
₦300 billion

About This Question

This is Post Utme Caleb University 2019 Economics Question 30. It is one of the objective questions from the 2019 Post Utme Caleb 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