Post Utme Rhema University 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_RHEMA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following equations: BOP = X - M, X = 100 + 2Y, and M = 50 + Y. If the country's income is ₦1000, what is the balance of payments?

Answer Options

A. ₦200
Correct Answer B. ₦300
C. ₦400
D. ₦500
Correct Answer
B
Correct Option:
₦300

About This Question

This is Post Utme Rhema University 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Rhema University Economics examination.

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