Post Utme Rsu 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Rsu Economics examination.

Post Utme Rsu 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_RSU • 2020 • ECONOMICS • objective

A country's GDP is ₦100 billion. Its imports are ₦20 billion and its exports are ₦15 billion. What is its balance of trade?

Answer Options

A. ₦5 billion surplus
Correct Answer B. ₦5 billion deficit
C. ₦10 billion surplus
D. ₦10 billion deficit
Correct Answer
B
Correct Option:
₦5 billion deficit

About This Question

This is Post Utme Rsu 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Rsu Economics examination.

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