Post Utme Ksu 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 4 POST_UTME_KSU • 2020 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M - \( I - S \), where X is exports, M is imports, I is investment, and S is savings. If the country's exports are ₦100 billion, imports are ₦80 billion, investment is ₦50 billion, and savings are ₦30 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦10 billion surplus
B. ₦10 billion deficit
C. ₦20 billion surplus
D. ₦20 billion deficit
Correct Answer
A
Correct Option:
₦10 billion surplus

About This Question

This is Post Utme Ksu 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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