Post Utme Unilag 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice
Question 9 POST_UTME_UNILAG • 2021 • ECONOMICS • objective

The balance of payments (BOP) of a country 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 billion and the value of imports is ₦120 billion, find the balance of payments.

Answer Options

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

About This Question

This is Post Utme Unilag 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.

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