Post Utme Madonna University 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments is given by the following table:\n| Item | Value |\n| --- | --- |\n| Exports | ₦100 billion |\n| Imports | ₦120 billion |\n| Net Factor Income | ₦20 billion |\n| Net Transfer | ₦10 billion |\nWhat is the country's balance of payments deficit?

Answer Options

A. ₦30 billion
B. ₦40 billion
Correct Answer C. ₦50 billion
D. ₦60 billion
Correct Answer
C
Correct Option:
₦50 billion

About This Question

This is Post Utme Madonna University 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.

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