Post Utme Rhema University 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2022 Economics Objective / Multiple Choice
Question 18 POST_UTME_RHEMA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M - \( F - I \). If the country's exports (X) are ₦500 billion, imports (M) are ₦300 billion, foreign direct investment (F) is ₦200 billion, and domestic investment (I) is ₦100 billion, calculate the country's balance of payments.

Answer Options

Correct Answer A. ₦100 billion
B. ₦200 billion
C. ₦300 billion
D. ₦400 billion
Correct Answer
A
Correct Option:
₦100 billion

About This Question

This is Post Utme Rhema University 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Rhema University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support