Post Utme Unilag 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Unilag Economics examination.

Post Utme Unilag 2019 Economics Objective / Multiple Choice
Question 33 POST_UTME_UNILAG • 2019 • ECONOMICS • objective

A country's balance of payments account is given by the following equations: \( BOP = X - M \), where ( X ) is the value of exports and ( M ) is the value of imports. If the value of exports is ₦1000 and the value of imports is ₦1200, find the balance of payments.

Answer Options

Correct Answer A. ₦-200
B. ₦200
C. ₦0
D. ₦500
Correct Answer
A
Correct Option:
₦-200

About This Question

This is Post Utme Unilag 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.

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