Post Utme Covenant University 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 13 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments (BOP) is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are ₦100 billion and imports are ₦120 billion, find the BOP.

Answer Options

Correct Answer A. ₦20 billion
B. ₦40 billion
C. ₦60 billion
D. ₦80 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Covenant University 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Covenant 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