Post Utme Crawford University 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice
Question 28 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 country's exports are $100 and its imports are $80, what is its balance of payments?

Answer Options

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

About This Question

This is Post Utme Crawford University 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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