Post Utme Madonna University 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is given by BOP = X - M, where BOP is the balance of payments, X is the export revenue, and M is the import exp\enditure. If the country's export revenue is ₦200 billion and the import exp\enditure is ₦150 billion, what is the country's balance of payments?

Answer Options

A. ₦50 billion
Correct Answer B. ₦100 billion
C. ₦150 billion
D. ₦200 billion
Correct Answer
B
Correct Option:
₦100 billion

About This Question

This is Post Utme Madonna University 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

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