Post Utme Joseph Ayo Babalola University 2024 Economics Question 7
Practice objective / multiple choice question 7 from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.
A country's balance of payments account is given by the following equation: BOP = \( X - M \) + \( F - I \), where BOP is the balance of payments, X is exports, M is imports, F is foreign investment, and I is domestic investment. If the country's exports are $100 billion, imports are $120 billion, foreign investment is $50 billion, and domestic investment is $30 billion, what is the balance of payments?
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This is Post Utme Joseph Ayo Babalola University 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.
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