Post Utme Ims U 2020 Economics Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice
Question 22 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

A country's balance of payments (BOP) accounts are given by the following equations: CA = 100 + 0.5Y, SA = 50 + 0.2Y, and FA = 20 + 0.1Y. If the country's nominal GDP (Y) is 1000, find the current account (CA) and the capital account (KA).

Answer Options

Correct Answer A. CA = 550, KA = 150
B. CA = 450, KA = 250
C. CA = 350, KA = 350
D. CA = 250, KA = 450
Correct Answer
A
Correct Option:
CA = 550, KA = 150

About This Question

This is Post Utme Ims U 2020 Economics Question 22. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

View More Post Utme Ims U 2020 Economics Questions More Post Utme Ims U Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support