Post Utme Rhema University 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_RHEMA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP is ₦1,000 billion. The country's imports are ₦200 billion and its exports are ₦300 billion. What is the country's balance of trade?

Answer Options

A. ₦100 billion surplus
Correct Answer B. ₦100 billion deficit
C. ₦200 billion surplus
D. ₦200 billion deficit
Correct Answer
B
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Rhema University 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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