Post Utme Joseph Ayo Babalola University 2022 Economics Question 32
Practice objective / multiple choice question 32 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.
A country's balance of payments account is given by the following equations: \begin{align*} \text{Exports} &= 100 + 2Y - 3I \text{Imports} &= 50 + Y + 2I \text{Balance of Trade} &= \text{Exports} - \text{Imports} \end{align*} where Y is the country's GDP and I is the country's investment. If the country's GDP is $500 billion and its investment is $200 billion, what is the balance of trade?
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This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.
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