Post Utme Eksu 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Eksu Economics examination.

Post Utme Eksu 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_EKSU • 2024 • ECONOMICS • objective

A country's GDP is $100 billion, its imports are $20 billion, and its exports are $25 billion. What is its balance of trade?

Answer Options

A. $5 billion surplus
Correct Answer B. $5 billion deficit
C. $10 billion surplus
D. $10 billion deficit
Correct Answer
B
Correct Option:
$5 billion deficit

About This Question

This is Post Utme Eksu 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Eksu Economics examination.

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