Post Utme Lead City University 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ECONOMICS • objective

A country's trade balance is given by TB = X - M. If the country's exports are $100 billion and its imports are $80 billion, what is the trade balance?

Answer Options

Correct Answer A. $20 billion
B. $30 billion
C. $40 billion
D. $50 billion
Correct Answer
A
Correct Option:
$20 billion

About This Question

This is Post Utme Lead City University 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Lead City University Economics examination.

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