Post Utme Caleb University 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_CALEB_UNIVERSITY • 2022 • ECONOMICS • objective

The balance of payments (BOP) for a country 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 country's exports are ₦500 billion and its imports are ₦600 billion, what is the country's balance of payments?

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 Caleb University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.

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