Post Utme Esut 2023 Economics Question 24
Practice objective / multiple choice question 24 from the 2023 Post Utme Esut Economics examination.
A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \), where BOP is the balance of payments, X is exports, M is imports, F is foreign investment, and I is domestic investment. If exports increase by 10%, imports decrease by 5%, foreign investment increases by 20%, and domestic investment decreases by 15%, what is the new balance of payments?
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About This Question
This is Post Utme Esut 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.
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