Post Utme Lautech 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Lautech Economics examination.

Post Utme Lautech 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_LAUTECH • 2019 • ECONOMICS • objective

The balance of payments (BOP) of a country is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are ₦100 billion and imports are ₦120 billion, what is the balance of payments?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦30 billion surplus
D. ₦30 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Lautech 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.

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