Post Utme Lautech 2018 Economics Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice
Question 4 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = X - M + F - I. If the country's exports are ₦100 billion, imports are ₦80 billion, foreign aid is ₦20 billion, and investment is ₦10 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦30 billion
B. ₦20 billion
C. ₦10 billion
D. ₦5 billion
Correct Answer
A
Correct Option:
₦30 billion

About This Question

This is Post Utme Lautech 2018 Economics Question 4. It is one of the objective questions from the 2018 Post Utme Lautech 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