Post Utme Redeemers University 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2022 Economics Objective / Multiple Choice
Question 28 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following equations: BOP = X - M, where X is the value of exports and M is the value of imports. If the country's trade deficit is ₦100 billion and the value of exports is ₦200 billion, determine the value of imports.

Answer Options

A. ₦300 billion
Correct Answer B. ₦400 billion
C. ₦500 billion
D. ₦600 billion
Correct Answer
B
Correct Option:
₦400 billion

About This Question

This is Post Utme Redeemers University 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Redeemers University Economics examination.

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