Post Utme Noun 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A country's GDP is $100 billion, its imports are $20 billion, and its exports are $30 billion. What is its balance of payments?

Answer Options

A. ₦10 billion surplus
Correct Answer B. ₦10 billion deficit
C. ₦20 billion surplus
D. ₦20 billion deficit
Correct Answer
B
Correct Option:
₦10 billion deficit

About This Question

This is Post Utme Noun 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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