Post Utme Unilag 2018 Economics Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Unilag Economics examination.

Post Utme Unilag 2018 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNILAG • 2018 • ECONOMICS • objective

A country's balance of payments is given by the following equation: \( BOP = X - M \), where X is the value of exports and M is the value of imports. If the country's exports are ₦500 billion and its imports are ₦600 billion, find the country's 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 Unilag 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Unilag Economics examination.

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