Post Utme Lasu 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Lasu Economics examination.

Post Utme Lasu 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_LASU • 2020 • ECONOMICS • objective

A country's GDP is ₦100 billion, its imports are ₦20 billion, and its exports are ₦30 billion. What is the country's balance of trade?

Answer Options

Correct Answer A. ₦10 billion
B. ₦20 billion
C. ₦30 billion
D. ₦40 billion
Correct Answer
A
Correct Option:
₦10 billion

About This Question

This is Post Utme Lasu 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Lasu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support