Post Utme Summit University 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Summit University Economics examination.

Post Utme Summit University 2024 Economics Objective / Multiple Choice
Question 27 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's exports (X) are ₦100 billion, imports (M) are ₦80 billion, foreign direct investment (F) is ₦20 billion, and domestic investment (I) is ₦15 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦25 billion surplus
B. ₦5 billion deficit
C. ₦10 billion surplus
D. ₦20 billion deficit
Correct Answer
A
Correct Option:
₦25 billion surplus

About This Question

This is Post Utme Summit University 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Summit University Economics examination.

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