Post Utme Igbinedion University 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • 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. $10 billion
C. $0 billion
Correct Answer D. -$10 billion
Correct Answer
D
Correct Option:
-$10 billion

About This Question

This is Post Utme Igbinedion University 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Igbinedion University Economics examination.

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