Post Utme Ui 2022 Economics Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Ui Economics examination.

Post Utme Ui 2022 Economics Objective / Multiple Choice
Question 39 POST_UTME_UI • 2022 • ECONOMICS • objective

The balance of payments (BOP) accounts for a country can be represented by the following equation: BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is ₦500 billion and the value of imports is ₦600 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦-100 billion
B. ₦100 billion
C. ₦500 billion
D. ₦600 billion
Correct Answer
A
Correct Option:
₦-100 billion

About This Question

This is Post Utme Ui 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Ui Economics examination.

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