Post Utme Crawford University 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments is given by the following equation: \( BOP = X - M \), where X is the value of exports and M is the value of imports. If the value of exports is ₦500 billion and the value of imports is ₦600 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦100 billion deficit
B. ₦100 billion surplus
C. ₦500 billion deficit
D. ₦500 billion surplus
Correct Answer
A
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Crawford University 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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