Post Utme Lautech 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_LAUTECH • 2024 • 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 ₦500 billion, imports are ₦300 billion, foreign investment is ₦200 billion, and domestic investment is ₦100 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦100 billion
B. ₦200 billion
C. ₦300 billion
D. ₦400 billion
Correct Answer
A
Correct Option:
₦100 billion

About This Question

This is Post Utme Lautech 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.

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