Post Utme Madonna University 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_MADONNA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's GDP is ₦1.2 trillion, its imports are ₦400 billion, and its exports are ₦300 billion. What is its balance of trade?

Answer Options

A. ₦100 billion surplus
Correct Answer B. ₦100 billion deficit
C. ₦200 billion surplus
D. ₦200 billion deficit
Correct Answer
B
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Madonna University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Madonna University Economics examination.

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