Post Utme Oau 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice
Question 24 POST_UTME_OAU • 2017 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M - \( GNP - C \). If the country's X = 100 billion naira, M = 80 billion naira, and GNP - C = 20 billion naira, what is the country's balance of payments?

Answer Options

Correct Answer A. -40 billion naira
B. -20 billion naira
C. 0 billion naira
D. 20 billion naira
Correct Answer
A
Correct Option:
-40 billion naira

About This Question

This is Post Utme Oau 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Oau 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