Post Utme Redeemers University 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments is in equilibrium when its current account is equal to its capital account. If a country's current account is $50 billion and its capital account is $30 billion, what is the value of net factor income from abroad?

Answer Options

A. $20 billion
Correct Answer B. $30 billion
C. $40 billion
D. $50 billion
Correct Answer
B
Correct Option:
$30 billion

About This Question

This is Post Utme Redeemers University 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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