Post Utme Ksu 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice
Question 29 POST_UTME_KSU • 2023 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are valued at 100 billion naira and imports are valued at 80 billion naira, calculate the country's balance of payments.

Answer Options

Correct Answer A. \( BOP = 20 \)
B. \( BOP = 10 \)
C. \( BOP = 5 \)
D. \( BOP = 0 \)
Correct Answer
A
Correct Option:
\( BOP = 20 \)

About This Question

This is Post Utme Ksu 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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