Post Utme Covenant University 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 25 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is given by the following table:\n| Item | Value |\n| --- | --- |\n| Exports | ₦100 billion |\n| Imports | ₦120 billion |\n| Net Factor Income | ₦20 billion |\n| Net Transfer | ₦10 billion |\nWhat is the country's balance of payments deficit?

Answer Options

A. ₦20 billion
Correct Answer B. ₦30 billion
C. ₦40 billion
D. ₦50 billion
Correct Answer
B
Correct Option:
₦30 billion

About This Question

This is Post Utme Covenant University 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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