Post Utme Nile University 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Nile University Economics examination.

Post Utme Nile University 2020 Economics Objective / Multiple Choice
Question 38 POST_UTME_NILE_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where BOP is the balance of payments, X is the value of exports, and M is the value of imports. If the value of exports is ₦100 billion and the value of imports is ₦120 billion, what is the balance of payments?

Answer Options

A. ₦20 billion
Correct Answer B. ₦30 billion
C. ₦40 billion
D. ₦50 billion
Correct Answer
B
Correct Option:
₦30 billion

About This Question

This is Post Utme Nile University 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.

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