Post Utme Greenfield University 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2024 Economics Objective / Multiple Choice
Question 27 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • 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 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

A. ₦20 billion
B. ₦30 billion
C. ₦40 billion
Correct Answer D. ₦50 billion
Correct Answer
D
Correct Option:
₦50 billion

About This Question

This is Post Utme Greenfield University 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Greenfield University 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