Post Utme Lautech 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Lautech Economics examination.

Post Utme Lautech 2021 Economics Objective / Multiple Choice
Question 10 POST_UTME_LAUTECH • 2021 • ECONOMICS • objective

A country's balance of payments is given by the following table:\n\n| Item | Value |\n| --- | --- |\n| Exports | ₦100 billion |\n| Imports | ₦120 billion |\n| Net Factor Income | ₦20 billion |\n| Net Transfer | ₦10 billion |\n\nWhat is the country's current account deficit?

Answer Options

A. ₦30 billion
Correct Answer B. ₦40 billion
C. ₦50 billion
D. ₦60 billion
Correct Answer
B
Correct Option:
₦40 billion

About This Question

This is Post Utme Lautech 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Lautech Economics examination.

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