Post Utme Covenant University 2025 Economics Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice
Question 10 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

A country's balance of payments is given by the following table:\n| Item | Value |\n| --- | --- |\n| Exports | ₦5 trillion |\n| Imports | ₦6 trillion |\n| Net factor income from abroad | ₦2 trillion |\n| Net transfer | ₦1 trillion |\nFind the country's balance of payments.

Answer Options

A. ₦2 trillion deficit
Correct Answer B. ₦1 trillion surplus
C. ₦3 trillion deficit
D. ₦4 trillion surplus
Correct Answer
B
Correct Option:
₦1 trillion surplus

About This Question

This is Post Utme Covenant University 2025 Economics Question 10. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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