Post Utme Skyline University 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments is given by BOP = X - M, where BOP is the balance of payments, X is exports, and M is imports. If the country's current exports and imports are X = $100 and M = $80, respectively, what is the country's balance of payments?

Answer Options

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

About This Question

This is Post Utme Skyline University 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Skyline University Economics examination.

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