Post Utme Joseph Ayo Babalola University 2018 Economics Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice
Question 36 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A country is experiencing a trade deficit of ₦1,000. If the price of imports is ₦50 and the price of exports is ₦75, what is the value of the trade deficit in terms of the price of imports?

Answer Options

A. ₦600
B. ₦800
C. ₦900
Correct Answer D. ₦1,000
Correct Answer
D
Correct Option:
₦1,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 36. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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