Post Utme Unilag 2023 Economics Question 18
Practice objective / multiple choice question 18 from the 2023 Post Utme Unilag Economics examination.
A country's balance of payments account is given by the following equation: BOP = X - M - \( F - I \), where BOP is the balance of payments, X is the value of exports, M is the value of imports, F is the value of foreign investment, and I is the value of domestic investment. If the value of exports is ₦500 billion, the value of imports is ₦600 billion, the value of foreign investment is ₦200 billion, and the value of domestic investment is ₦300 billion, determine the balance of payments.
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About This Question
This is Post Utme Unilag 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.
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