Post Utme Esut 2020 Economics Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Esut Economics examination.

Post Utme Esut 2020 Economics Objective / Multiple Choice
Question 5 POST_UTME_ESUT • 2020 • ECONOMICS • objective

A country is experiencing a trade deficit, and the government decides to implement a trade policy to reduce the deficit. If the country imports $100 billion worth of goods and services and the exchange rate is 1 USD = 1.5 NGN, what is the value of the trade deficit in NGN?

Answer Options

A. ₦150 billion
Correct Answer B. ₦200 billion
C. ₦250 billion
D. ₦300 billion
Correct Answer
B
Correct Option:
₦200 billion

About This Question

This is Post Utme Esut 2020 Economics Question 5. It is one of the objective questions from the 2020 Post Utme Esut Economics examination.

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