Post Utme Ims U 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Ims U Economics examination.

Post Utme Ims U 2021 Economics Objective / Multiple Choice
Question 29 POST_UTME_IMS_U • 2021 • ECONOMICS • objective

A country is experiencing a trade deficit of ₦50 billion. If the country's imports are ₦100 billion and its exports are ₦50 billion, what is the value of its net foreign exchange earnings?

Answer Options

Correct Answer A. ₦-50 billion
B. ₦0 billion
C. ₦50 billion
D. ₦100 billion
Correct Answer
A
Correct Option:
₦-50 billion

About This Question

This is Post Utme Ims U 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Ims U Economics examination.

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