Post Utme Futa 2020 Economics Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Futa Economics examination.

Post Utme Futa 2020 Economics Objective / Multiple Choice
Question 32 POST_UTME_FUTA • 2020 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports increases by 15% and the value of imports decreases by 5%, what is the percentage change in the balance of payments?

Answer Options

A. -5%
Correct Answer B. 0%
C. 5%
D. 10%
Correct Answer
B
Correct Option:
0%

About This Question

This is Post Utme Futa 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.

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