Post Utme Christopher University 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 32 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments (BOP) 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 valued at ₦120 billion and imports are valued at ₦100 billion, calculate the country's balance of payments.

Answer Options

Correct Answer A. ₦20 billion
B. ₦10 billion
C. ₦30 billion
D. ₦40 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Christopher University 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Christopher 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