Post Utme Lasu 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice

Question 32 POST_UTME_LASU • 2018 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $100 million and a capital account surplus of $50 million. What is the overall balance of payments position?

A. $ \text{Trade deficit} - \text{Capital account surplus} = \text{Overall deficit} $

Correct Answer B. $ \text{Trade deficit} + \text{Capital account surplus} = \text{Overall surplus} $

C. $ \text{Trade deficit} - \text{Capital account surplus} = \text{Overall surplus} $

D. $ \text{Trade deficit} + \text{Capital account surplus} = \text{Overall deficit} $

Correct Answer

Correct Option:

$ \text{Trade deficit} + \text{Capital account surplus} = \text{Overall surplus} $

This is Post Utme Lasu 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

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