Post Utme Osustech 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 7 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A country's GDP is ₦10 trillion, its imports are ₦2 trillion, and its exports are ₦1.5 trillion. What is its balance of trade?

Answer Options

A. ₦0.5 trillion surplus
Correct Answer B. ₦1 trillion deficit
C. ₦0.5 trillion deficit
D. ₦1 trillion surplus
Correct Answer
B
Correct Option:
₦1 trillion deficit

About This Question

This is Post Utme Osustech 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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