Post Utme Igbinedion University 2022 Economics Question 7

Practice objective / multiple choice question 7 from the 2022 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2022 Economics Objective / Multiple Choice
Question 7 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments (BOP) is given by BOP = X - M, where X is the value of exports and M is the value of imports. If the country's trade deficit is $100 million and the value of exports is $500 million, find the value of imports.

Answer Options

A. $300 million
Correct Answer B. $400 million
C. $500 million
D. $600 million
Correct Answer
B
Correct Option:
$400 million

About This Question

This is Post Utme Igbinedion University 2022 Economics Question 7. It is one of the objective questions from the 2022 Post Utme Igbinedion University Economics examination.

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