Post Utme Noun 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A country is experiencing a trade deficit of ₦100 billion. If the country's exports are ₦200 billion and its imports are ₦300 billion, determine the country's balance of payments.

Answer Options

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

About This Question

This is Post Utme Noun 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support