Post Utme Igbinedion University 2017 Economics Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2017 Economics Objective / Multiple Choice
Question 26 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ECONOMICS • objective

A country's trade balance is given by the equation TB = X - M, where X is the value of exports and M is the value of imports. If the country's exports are valued at ₦150 billion and imports are valued at ₦120 billion, what is the country's trade balance?

Answer Options

Correct Answer A. ₦30 billion surplus
B. ₦30 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
A
Correct Option:
₦30 billion surplus

About This Question

This is Post Utme Igbinedion University 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Igbinedion University Economics examination.

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