Post Utme Redeemers University 2018 Economics Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2018 Economics Objective / Multiple Choice
Question 36 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ECONOMICS • objective

A country's trade balance is given by TB = X - M, where TB is trade balance, X is exports, and M is imports. If the country's exports are ₦500 billion and imports are ₦600 billion, what is the trade balance?

Answer Options

A. ₦100 billion surplus
Correct Answer B. ₦100 billion deficit
C. ₦200 billion surplus
D. ₦200 billion deficit
Correct Answer
B
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Redeemers University 2018 Economics Question 36. It is one of the objective questions from the 2018 Post Utme Redeemers University Economics examination.

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