Post Utme Ui 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Ui Economics examination.

Post Utme Ui 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_UI • 2017 • ECONOMICS • objective

A country's GDP is $100 billion, its imports are $20 billion, and its exports are $30 billion. What is the country's balance of trade?

Answer Options

A. Surplus of $10 billion
Correct Answer B. Deficit of $10 billion
C. Surplus of $20 billion
D. Deficit of $20 billion
Correct Answer
B
Correct Option:
Deficit of $10 billion

About This Question

This is Post Utme Ui 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Ui Economics examination.

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