Post Utme Noun 2022 Economics Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Noun Economics examination.

Post Utme Noun 2022 Economics Objective / Multiple Choice
Question 8 POST_UTME_NOUN • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where X is the exports and M is the imports. If the country's exports are $100 billion and its imports are $120 billion, what is the balance of payments?

Answer Options

Correct Answer A. -20 billion
B. 20 billion
C. 40 billion
D. 60 billion
Correct Answer
A
Correct Option:
-20 billion

About This Question

This is Post Utme Noun 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Noun Economics examination.

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