Post Utme Crawford University 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M - \( I - S \). If the country's exports are X = 100, imports are M = 50, and the trade deficit is 20, what is the country's savings rate?

Answer Options

Correct Answer A. S = 30%
B. S = 40%
C. S = 50%
D. S = 60%
Correct Answer
A
Correct Option:
S = 30%

About This Question

This is Post Utme Crawford University 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

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