Post Utme Skyline University 2025 Economics Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2025 Economics Objective / Multiple Choice
Question 34 POST_UTME_SKYLINE_UNIVERSITY • 2025 • 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 ₦100 billion and the value of imports is ₦120 billion, find the balance of payments.

Answer Options

A. ₦20 billion surplus
Correct Answer B. ₦20 billion deficit
C. ₦40 billion surplus
D. ₦40 billion deficit
Correct Answer
B
Correct Option:
₦20 billion deficit

About This Question

This is Post Utme Skyline University 2025 Economics Question 34. It is one of the objective questions from the 2025 Post Utme Skyline University Economics examination.

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