Post Utme Ui 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Ui Economics examination.

Post Utme Ui 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_UI • 2023 • ECONOMICS • objective

A country's balance of payments is given by the following table:\n\n| Category | 2020 | 2021 | 2022 |\n| --- | --- | --- | --- |\n| Exports | 100 | 120 | 140 |\n| Imports | 80 | 100 | 120 |\n| Net Factor Income | 10 | 15 | 20 |\n| Net Transfer | 5 | 10 | 15 |\n| Balance of Payments | ? | ? | ? |\n\nWhat is the balance of payments for 2022?

Answer Options

Correct Answer A. \( 140 - 120 + 20 + 15 = 55 \)
B. \( 140 - 120 + 20 + 15 = 55 \)
C. \( 140 - 120 + 20 + 15 = 55 \)
D. \( 140 - 120 + 20 + 15 = 55 \)
Correct Answer
A
Correct Option:
\( 140 - 120 + 20 + 15 = 55 \)

About This Question

This is Post Utme Ui 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Ui Economics examination.

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