Post Utme Skyline University 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ECONOMICS • objective

A country's trade balance is given by the equation TB = X - M, where TB is the trade balance, X is the exports and M is the imports. If the country's exports are $100 billion and its imports are $120 billion, what is the trade balance?

Answer Options

Correct Answer A. -20 billion
B. -30 billion
C. -40 billion
D. -50 billion
Correct Answer
A
Correct Option:
-20 billion

About This Question

This is Post Utme Skyline University 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Skyline University Economics examination.

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