Post Utme Oau 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_OAU • 2021 • ECONOMICS • objective

A country's balance of payments is given by BOP = X - M + \( F - I \). What is the meaning of each component, and how do they relate to the country's trade deficit?

Answer Options

Correct Answer A. X is exports, M is imports, F is foreign investment, and I is domestic investment.
B. X is imports, M is exports, F is foreign investment, and I is domestic investment.
C. X is exports, M is imports, F is domestic investment, and I is foreign investment.
D. X is imports, M is exports, F is domestic investment, and I is foreign investment.
Correct Answer
A
Correct Option:
X is exports, M is imports, F is foreign investment, and I is domestic investment.

About This Question

This is Post Utme Oau 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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