Post Utme Redeemers University 2019 Economics Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2019 Economics Objective / Multiple Choice
Question 29 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M - \( I - S \). If the country's exports are ₦100 billion, its imports are ₦80 billion, its investment is ₦20 billion, and its savings are ₦30 billion, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Redeemers University 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Redeemers University Economics examination.

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