Post Utme Osustech 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M. If the country's exports (X) are ₦100 billion and imports (M) are ₦80 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦20 billion surplus
B. ₦20 billion deficit
C. ₦10 billion surplus
D. ₦10 billion deficit
Correct Answer
A
Correct Option:
₦20 billion surplus

About This Question

This is Post Utme Osustech 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

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