Post Utme Elizade University 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2024 Economics Objective / Multiple Choice
Question 7 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is $100 billion, its imports are $20 billion and its exports are $30 billion. What is its balance of payments?

Answer Options

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

About This Question

This is Post Utme Elizade University 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Elizade University Economics examination.

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