Post Utme Lasu 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Lasu Economics examination.

Post Utme Lasu 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_LASU • 2024 • ECONOMICS • objective

A country's trade balance is given by the equation TB = X - M, where X is the value of exports and M is the value of imports. If the country's exports are ₦500 billion and imports are ₦700 billion, calculate the trade balance.

Answer Options

Correct Answer A. ₦-200 billion
B. ₦200 billion
C. ₦500 billion
D. ₦700 billion
Correct Answer
A
Correct Option:
₦-200 billion

About This Question

This is Post Utme Lasu 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Lasu Economics examination.

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