Post Utme Lead City University 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2022 Economics Objective / Multiple Choice
Question 18 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments account is given by the following equations: X = 100 + 2Y, M = 50 + 3Y, where X is exports and M is imports. Determine the equilibrium value of Y.

Answer Options

A. \( Y = 20 \)
Correct Answer B. \( Y = 30 \)
C. \( Y = 40 \)
D. \( Y = 50 \)
Correct Answer
B
Correct Option:
\( Y = 30 \)

About This Question

This is Post Utme Lead City University 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Lead City University Economics examination.

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