Post Utme Christopher University 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2017 Economics Objective / Multiple Choice
Question 7 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • ECONOMICS • objective

A country's GDP is ₦100 billion, its imports are ₦20 billion, and its exports are ₦15 billion. Calculate the country's 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 Christopher University 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Christopher University Economics examination.

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