Post Utme Joseph Ayo Babalola University 2025 Economics Question 36

Practice objective / multiple choice question 36 from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2025 Economics Objective / Multiple Choice
Question 36 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

Consider a small open economy with a fixed exchange rate. The country's imports are valued at ₦100 billion, and its exports are valued at ₦120 billion. What is the balance of trade?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Economics Question 36. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

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