Post Utme Nile University 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \), where X is exports, M is imports, F is foreign investment, and I is domestic investment. If the country's exports are $100 billion, imports are $80 billion, foreign investment is $20 billion, and domestic investment is $30 billion, find the balance of payments.

Answer Options

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

About This Question

This is Post Utme Nile University 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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