Post Utme Elizade University 2025 Economics Question 32

Practice objective / multiple choice question 32 from the 2025 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2025 Economics Objective / Multiple Choice
Question 32 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ECONOMICS • objective

A country's GDP is ₦100 billion, its imports are ₦20 billion, and its exports are ₦15 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 Elizade University 2025 Economics Question 32. It is one of the objective questions from the 2025 Post Utme Elizade University Economics examination.

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