Post Utme Igbinedion University 2019 Economics Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice
Question 4 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

Consider a country with a balance of payments account given by:\n\nImports: ₦100 billion\nExports: ₦120 billion\nNet factor income from abroad: ₦20 billion\nNet capital outflow: ₦10 billion\n\nFind the country's current account balance.

Answer Options

Correct Answer A. ₦30 billion surplus
B. ₦40 billion surplus
C. ₦50 billion deficit
D. ₦60 billion deficit
Correct Answer
A
Correct Option:
₦30 billion surplus

About This Question

This is Post Utme Igbinedion University 2019 Economics Question 4. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

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