Post Utme Uniben 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

A country's GDP is ₦1,500 billion, its imports are ₦300 billion, and its exports are ₦400 billion. What is the country's balance of trade?

Answer Options

A. ₦100 billion surplus
Correct Answer B. ₦100 billion deficit
C. ₦200 billion surplus
D. ₦200 billion deficit
Correct Answer
B
Correct Option:
₦100 billion deficit

About This Question

This is Post Utme Uniben 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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