Post Utme Ims U 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M + \( F - I \), where X is exports, M is imports, F is foreign investment, and I is domestic investment. If the country's current BOP is ₦500 billion, and the values of X, M, F, and I are ₦800 billion, ₦600 billion, ₦300 billion, and ₦200 billion, respectively, what is the value of the country's foreign investment?

Answer Options

A. ₦100 billion
B. ₦200 billion
Correct Answer C. ₦300 billion
D. ₦400 billion
Correct Answer
C
Correct Option:
₦300 billion

About This Question

This is Post Utme Ims U 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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