Post Utme Futa 2017 Economics Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Futa Economics examination.

Post Utme Futa 2017 Economics Objective / Multiple Choice
Question 8 POST_UTME_FUTA • 2017 • ECONOMICS • objective

A country's balance of payments (BOP) accounts are given by the equation BOP = X - M, where X is the country's exports and M is its imports. If the country's exports are $100 billion and its imports are $120 billion, calculate the country's BOP deficit or surplus.

Answer Options

Correct Answer A. $20 billion deficit
B. $20 billion surplus
C. $40 billion deficit
D. $40 billion surplus
Correct Answer
A
Correct Option:
$20 billion deficit

About This Question

This is Post Utme Futa 2017 Economics Question 8. It is one of the objective questions from the 2017 Post Utme Futa Economics examination.

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