Post Utme Futo 2025 Economics Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Futo Economics examination.

Post Utme Futo 2025 Economics Objective / Multiple Choice
Question 20 POST_UTME_FUTO • 2025 • 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 is $100 billion and the value of imports is $120 billion, what is the balance of payments?

Answer Options

Correct Answer A. $20 billion deficit
B. $20 billion surplus
C. $10 billion deficit
D. $10 billion surplus
Correct Answer
A
Correct Option:
$20 billion deficit

About This Question

This is Post Utme Futo 2025 Economics Question 20. It is one of the objective questions from the 2025 Post Utme Futo Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support