Post Utme Covenant University 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A country has a trade deficit of ₦100 billion and a current account deficit of ₦50 billion. If the country's GDP is ₦5 trillion, what is the country's balance of payments deficit?

Answer Options

A. ₦50 billion
B. ₦100 billion
Correct Answer C. ₦150 billion
D. ₦200 billion
Correct Answer
C
Correct Option:
₦150 billion

About This Question

This is Post Utme Covenant University 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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