Post Utme Covenant University 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_COVENANT_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GNP is ₦120 billion, its imports are ₦25 billion, and its exports are ₦35 billion. Calculate its balance of trade.

Answer Options

Correct Answer A. ₦10 billion surplus
B. ₦10 billion deficit
C. ₦20 billion surplus
D. ₦20 billion deficit
Correct Answer
A
Correct Option:
₦10 billion surplus

About This Question

This is Post Utme Covenant University 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Covenant University Economics examination.

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