Post Utme Unilorin 2018 Economics Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2018 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNILORIN • 2018 • ECONOMICS • objective

A country's GDP is ₦1,000,000,000. Its imports are ₦200,000,000 and its exports are ₦300,000,000. What is its balance of trade?

Answer Options

A. ₦100,000,000 surplus
Correct Answer B. ₦100,000,000 deficit
C. ₦0 surplus
D. ₦0 deficit
Correct Answer
B
Correct Option:
₦100,000,000 deficit

About This Question

This is Post Utme Unilorin 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Unilorin Economics examination.

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