Post Utme Summit University 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Summit University Economics examination.

Post Utme Summit University 2024 Economics Objective / Multiple Choice
Question 25 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ECONOMICS • objective

A country is experiencing a trade deficit, and the government decides to implement a trade policy to reduce the deficit. If the country imports goods worth ₦1,500 billion and exports goods worth ₦1,200 billion, what is the trade deficit?

Answer Options

A. ₦300 billion
B. ₦400 billion
Correct Answer C. ₦500 billion
D. ₦600 billion
Correct Answer
C
Correct Option:
₦500 billion

About This Question

This is Post Utme Summit University 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Summit University Economics examination.

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