Post Utme Esut 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_ESUT • 2019 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦100 billion and the value of imports is ₦120 billion, calculate the balance of payments.

Answer Options

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

About This Question

This is Post Utme Esut 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

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