Post Utme Lautech 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Lautech Economics examination.

Post Utme Lautech 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_LAUTECH • 2022 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = \( X - M \) + \( F - I \), where X is the value of exports, M is the value of imports, F is the value of foreign investment, and I is the value of domestic investment. If the country's balance of payments is in surplus by ₦100 billion, and the value of exports is ₦500 billion, the value of imports is ₦300 billion, the value of foreign investment is ₦200 billion, and the value of domestic investment is ₦150 billion, what is the value of X?

Answer Options

A. ₦550 billion
Correct Answer B. ₦600 billion
C. ₦650 billion
D. ₦700 billion
Correct Answer
B
Correct Option:
₦600 billion

About This Question

This is Post Utme Lautech 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Lautech Economics examination.

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