Post Utme Delsu 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Delsu Economics examination.

Post Utme Delsu 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_DELSU • 2021 • ECONOMICS • objective

Consider a country with a trade deficit of $10 billion and a GDP of $500 billion. If the country's exchange rate is 1 USD = 100 Naira, what is the opportunity \cost of the trade deficit in terms of the country's GDP?

Answer Options

A. $0.02 billion
B. $0.05 billion
Correct Answer C. $0.10 billion
D. $0.20 billion
Correct Answer
C
Correct Option:
$0.10 billion

About This Question

This is Post Utme Delsu 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Delsu Economics examination.

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