Post Utme Madonna University 2023 Economics Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 30 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M - \( F - I \). If the country's exports are ₦100 billion, its imports are ₦80 billion, its foreign investment is ₦20 billion, and its domestic investment is ₦30 billion, what is the country's balance of payments?

Answer Options

A. ₦10 billion
B. ₦20 billion
Correct Answer C. ₦30 billion
D. ₦40 billion
Correct Answer
C
Correct Option:
₦30 billion

About This Question

This is Post Utme Madonna University 2023 Economics Question 30. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

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