Post Utme Nile University 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Nile University Economics examination.

Post Utme Nile University 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_NILE_UNIVERSITY • 2021 • ECONOMICS • objective

Consider a country's balance of payments account. If the country's exports are ₦100 billion and its imports are ₦120 billion, what is the country's balance of trade?

Answer Options

Correct Answer A. ₦20 billion
B. ₦10 billion
C. ₦5 billion
D. ₦15 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Nile University 2021 Economics Question 39. It is one of the objective questions from the 2021 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