Post Utme Nile University 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Nile University Economics examination.

Post Utme Nile University 2019 Economics Objective / Multiple Choice
Question 27 POST_UTME_NILE_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GDP is ₦100 billion, its imports are ₦20 billion, and its exports are ₦30 billion. What is the country's balance of trade?

Answer Options

A. ₦10 billion surplus
Correct Answer B. ₦10 billion deficit
C. ₦20 billion surplus
D. ₦20 billion deficit
Correct Answer
B
Correct Option:
₦10 billion deficit

About This Question

This is Post Utme Nile University 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support