Post Utme Lautech 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_LAUTECH • 2024 • ECONOMICS • objective

A country's balance of payments is a statistical statement that summarizes all economic transactions between a nation and the rest of the world over a specific period. If a country's current account deficit is $100 billion and its capital account surplus is $50 billion, what is the overall balance of payments deficit?

Answer Options

A. $50 billion
Correct Answer B. $75 billion
C. $100 billion
D. $125 billion
Correct Answer
B
Correct Option:
$75 billion

About This Question

This is Post Utme Lautech 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support