Post Utme Delsu 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Delsu Economics examination.

Post Utme Delsu 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_DELSU • 2021 • ECONOMICS • objective

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

Answer Options

A. $10 billion surplus
Correct Answer B. $10 billion deficit
C. $20 billion surplus
D. $20 billion deficit
Correct Answer
B
Correct Option:
$10 billion deficit

About This Question

This is Post Utme Delsu 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Delsu Economics examination.

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