Post Utme Noun 2017 Economics Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Noun Economics examination.

Post Utme Noun 2017 Economics Objective / Multiple Choice
Question 27 POST_UTME_NOUN • 2017 • ECONOMICS • objective

A country's GDP is ₦1,500 billion, its imports are ₦300 billion, and its exports are ₦400 billion. What is its balance of trade?

Answer Options

A. ₦100 billion surplus
Correct Answer B. ₦200 billion deficit
C. ₦300 billion deficit
D. ₦400 billion surplus
Correct Answer
B
Correct Option:
₦200 billion deficit

About This Question

This is Post Utme Noun 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.

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