Post Utme Elizade University 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = \( X-M \) + \( F-I \). If the country's exports (X) are ₦500 billion, imports (M) are ₦300 billion, foreign investment (F) is ₦200 billion, and domestic investment (I) is ₦150 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. +₦100 billion
B. +₦50 billion
C. +₦0 billion
D. -₦50 billion
Correct Answer
A
Correct Option:
+₦100 billion

About This Question

This is Post Utme Elizade University 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

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