Post Utme Mountain Top University 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ECONOMICS • objective

A country's trade balance is given by the equation TB = X - M, where TB is the trade balance, X is the exports, and M is the imports. If the country's exports are 100 billion naira and its imports are 80 billion naira, what is the trade balance?

Answer Options

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

About This Question

This is Post Utme Mountain Top University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Mountain Top University Economics examination.

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