Post Utme Rhema University 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_RHEMA_UNIVERSITY • 2025 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where X is exports and M is imports. If the country's exports increase by 15% and imports decrease by 10%, what is the new balance of payments?

Answer Options

Correct Answer A. \( \text{New BOP} = 0.15X - 0.10M \)
B. \( \text{New BOP} = 0.15X + 0.10M \)
C. \( \text{New BOP} = 0.15X - 0.10M \times 100 \)
D. \( \text{New BOP} = 0.15X + 0.10M \times 100 \)
Correct Answer
A
Correct Option:
\( \text{New BOP} = 0.15X - 0.10M \)

About This Question

This is Post Utme Rhema University 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Rhema University Economics examination.

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