Post Utme Esut 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_ESUT • 2023 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where BOP is the balance of payments, X is the exports, and M is the imports. If the country's exports are ₦500 billion and imports are ₦200 billion, find the country's balance of payments.

Answer Options

A. ₦300 billion
B. ₦400 billion
Correct Answer C. ₦500 billion
D. ₦600 billion
Correct Answer
C
Correct Option:
₦500 billion

About This Question

This is Post Utme Esut 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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