Post Utme Lasu 2022 Economics Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Lasu Economics examination.

Post Utme Lasu 2022 Economics Objective / Multiple Choice
Question 8 POST_UTME_LASU • 2022 • 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 \( X = 100 \) and imports are \( M = 80 \), what is the balance of payments?

Answer Options

Correct Answer A. ₦20
B. ₦30
C. ₦40
D. ₦50
Correct Answer
A
Correct Option:
₦20

About This Question

This is Post Utme Lasu 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Lasu Economics examination.

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