Post Utme Lautech 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Lautech Economics examination.

Post Utme Lautech 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_LAUTECH • 2023 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M + \( F - I \), where X is exports, M is imports, F is foreign investment, and I is domestic investment. If the country's exports are $100 billion, imports are $80 billion, foreign investment is $20 billion, and domestic investment is $10 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. $20 billion surplus
B. $20 billion deficit
C. $10 billion surplus
D. $10 billion deficit
Correct Answer
A
Correct Option:
$20 billion surplus

About This Question

This is Post Utme Lautech 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Lautech Economics examination.

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