Post Utme Unilag 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_UNILAG • 2021 • ECONOMICS • objective

A country's balance of payments (BOP) is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is 100 and the value of imports is 80, what is the balance of payments?

Answer Options

Correct Answer A. 20
B. 30
C. 40
D. 50
Correct Answer
A
Correct Option:
20

About This Question

This is Post Utme Unilag 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.

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