Post Utme Futo 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A country's balance of payments (BOP) is given by the equation BOP = X - M, where X is exports and M is imports. If the country's exports are $100 billion and its imports are $80 billion, what is the value of BOP?

Answer Options

A. $10 billion
B. $20 billion
Correct Answer C. $30 billion
D. $40 billion
Correct Answer
C
Correct Option:
$30 billion

About This Question

This is Post Utme Futo 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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