Post Utme Uniben 2024 Economics Question 13
Practice objective / multiple choice question 13 from the 2024 Post Utme Uniben Economics examination.
A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \), where BOP is the balance of payments, X is exports, M is imports, F is foreign investment, and I is domestic investment. If the country's current exports and imports are $100 billion and $150 billion, respectively, and its foreign investment and domestic investment are $50 billion and $75 billion, respectively, calculate the balance of payments.
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This is Post Utme Uniben 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.
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