Post Utme Delsu 2017 Economics Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Delsu Economics examination.

Post Utme Delsu 2017 Economics Objective / Multiple Choice
Question 37 POST_UTME_DELSU • 2017 • 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 ₦500 billion and the value of imports is ₦600 billion, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Delsu 2017 Economics Question 37. It is one of the objective questions from the 2017 Post Utme Delsu Economics examination.

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