Post Utme Redeemers University 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2025 Economics Objective / Multiple Choice
Question 17 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ECONOMICS • objective

A country's balance of payments (BOP) is given by the following equation: BOP = X - M, where X is the value of exports and M is the value of imports. If the country's exports are $100 million and its imports are $120 million, what is the BOP?

Answer Options

A. $20 million surplus
Correct Answer B. $20 million deficit
C. $40 million surplus
D. $40 million deficit
Correct Answer
B
Correct Option:
$20 million deficit

About This Question

This is Post Utme Redeemers University 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Redeemers University Economics examination.

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