Post Utme Igbinedion University 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ECONOMICS • objective

A country's GDP is 100 billion Naira, its imports are 20 billion Naira, and its exports are 30 billion Naira. Calculate the country's balance of trade.

Answer Options

A. 10 billion Naira surplus
Correct Answer B. 10 billion Naira deficit
C. 20 billion Naira surplus
D. 20 billion Naira deficit
Correct Answer
B
Correct Option:
10 billion Naira deficit

About This Question

This is Post Utme Igbinedion University 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Igbinedion University Economics examination.

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