Post Utme Elizade University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_ELIZADE_UNIVERSITY • 2018 • 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 ₦1000 and the value of imports is ₦800, find the balance of payments.

Answer Options

Correct Answer A. ₦200
B. ₦300
C. ₦400
D. ₦500
Correct Answer
A
Correct Option:
₦200

About This Question

This is Post Utme Elizade University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

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