Post Utme Unilag 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Unilag Economics examination.

Post Utme Unilag 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_UNILAG • 2019 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M + \( F - I \). If the country's exports are ₦500 billion, imports are ₦400 billion, foreign aid is ₦200 billion, and foreign investment is ₦100 billion, what is the country's balance of payments?

Answer Options

A. ₦100 billion
B. ₦200 billion
Correct Answer C. ₦300 billion
D. ₦400 billion
Correct Answer
C
Correct Option:
₦300 billion

About This Question

This is Post Utme Unilag 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.

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