Post Utme Skyline University 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦500 billion and the value of imports is ₦600 billion, find the balance of payments.

Answer Options

A. ₦100 billion surplus
Correct Answer B. ₦100 billion deficit
C. ₦500 billion surplus
D. ₦500 billion deficit
Correct Answer
B
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Skyline University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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