Post Utme Nile University 2025 Economics Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Nile University Economics examination.

Post Utme Nile University 2025 Economics Objective / Multiple Choice
Question 9 POST_UTME_NILE_UNIVERSITY • 2025 • ECONOMICS • objective

A country's balance of payments (BOP) accounts can be represented by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are valued at ₦100 billion and its imports are valued at ₦120 billion, what is the country's balance of payments?

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Nile University 2025 Economics Question 9. It is one of the objective questions from the 2025 Post Utme Nile University Economics examination.

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