Post Utme Igbinedion University 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2017 Economics Objective / Multiple Choice
Question 22 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments (BOP) is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are valued at ₦100 billion and imports are valued at ₦120 billion, what is the country's balance of payments?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Igbinedion University 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Igbinedion University Economics examination.

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