Post Utme Unilag 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Unilag 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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