Post Utme Crawford University 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2022 Economics Objective / Multiple Choice
Question 28 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦100 billion and the value of imports is ₦120 billion, what is the balance of payments?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Crawford University 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Crawford University Economics examination.

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