Post Utme Elizade University 2023 Economics Question 5
Practice objective / multiple choice question 5 from the 2023 Post Utme Elizade University Economics examination.
A country's balance of payments is given by the equation BOP = X - M, where BOP is the balance of payments, X is the value of exports, and M is the value of imports. If the value of exports increases from ₦100 to ₦120 and the value of imports remains unchanged at ₦80, what will be the effect on the balance of payments?
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About This Question
This is Post Utme Elizade University 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Elizade University Economics examination.
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