Post Utme Coal City University 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments is given by \( BOP = X - M \), where X is the value of exports and M is the value of imports. If the value of exports is ₦1000 and the value of imports is ₦500, find the balance of payments.

Answer Options

Correct Answer A. BOP = ₦500
B. BOP = ₦1000
C. BOP = ₦1500
D. BOP = ₦2000
Correct Answer
A
Correct Option:
BOP = ₦500

About This Question

This is Post Utme Coal City University 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Coal City University Economics examination.

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