Post Utme Osustech 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Osustech Economics examination.

Post Utme Osustech 2021 Economics Objective / Multiple Choice
Question 35 POST_UTME_OSUSTECH • 2021 • ECONOMICS • objective

A country's balance of payments is given by the equation \( BOP = X - M \), where ( X ) is the value of exports and ( M ) is the value of imports. If the value of exports is ₦1,000 billion and the value of imports is ₦800 billion, what is the balance of payments?

Answer Options

A. ₦200 billion
B. ₦300 billion
Correct Answer C. ₦400 billion
D. ₦500 billion
Correct Answer
C
Correct Option:
₦400 billion

About This Question

This is Post Utme Osustech 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.

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