Post Utme Joseph Ayo Babalola University 2025 Economics Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2025 Economics Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

A country's balance of payments account includes the following items: exports, imports, and net factor income from abroad. If a country's exports are ₦5,000,000,000, its imports are ₦6,000,000,000, and its net factor income from abroad is ₦1,000,000,000, what is the balance of payments deficit?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Economics Question 25. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

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