Post Utme Lead City University 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2023 Economics Objective / Multiple Choice
Question 23 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

Suppose a country's GDP is ₦10 trillion and its imports are ₦2 trillion. If the country's exports are ₦3 trillion, find the balance of trade.

Answer Options

Correct Answer A. ₦1 trillion surplus
B. ₦1 trillion deficit
C. ₦2 trillion surplus
D. ₦2 trillion deficit
Correct Answer
A
Correct Option:
₦1 trillion surplus

About This Question

This is Post Utme Lead City University 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Lead City University Economics examination.

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