Post Utme Lautech 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Lautech Economics examination.

Post Utme Lautech 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_LAUTECH • 2023 • ECONOMICS • objective

A country's balance of payments 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 ₦30 billion, what is the balance of payments?

Answer Options

A. ₦10 billion
Correct Answer B. ₦20 billion
C. ₦30 billion
D. ₦40 billion
Correct Answer
B
Correct Option:
₦20 billion

About This Question

This is Post Utme Lautech 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Lautech Economics examination.

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