Post Utme Delsu 2022 Economics Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Delsu Economics examination.

Post Utme Delsu 2022 Economics Objective / Multiple Choice
Question 33 POST_UTME_DELSU • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following 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 million and the value of imports is $120 million, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Delsu 2022 Economics Question 33. It is one of the objective questions from the 2022 Post Utme Delsu Economics examination.

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