Post Utme Igbinedion University 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ECONOMICS • objective

A country's GDP is $100 billion, its imports are $20 billion, and its exports are $15 billion. What is the country's balance of trade?

Answer Options

Correct Answer A. Trade deficit of $5 billion
B. Trade surplus of $5 billion
C. Trade deficit of $10 billion
D. Trade surplus of $10 billion
Correct Answer
A
Correct Option:
Trade deficit of $5 billion

About This Question

This is Post Utme Igbinedion University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.

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