Post Utme Lead City University 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2019 Economics Objective / Multiple Choice
Question 27 POST_UTME_LEAD_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦100 billion and the value of imports is ₦120 billion, what is the balance of payments?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Lead City University 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Lead City University Economics examination.

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