Post Utme Pan Atlantic University 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • 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. ₦1.5 trillion surplus
D. ₦2 trillion deficit
Correct Answer
B
Correct Option:
₦1 trillion deficit

About This Question

This is Post Utme Pan Atlantic University 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Economics examination.

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