Post Utme Unilag 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Unilag Economics examination.

Post Utme Unilag 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_UNILAG • 2017 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ₦10 billion surplus
B. ₦20 billion deficit
C. ₦30 billion surplus
D. ₦40 billion deficit
Correct Answer
A
Correct Option:
₦10 billion surplus

About This Question

This is Post Utme Unilag 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.

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