Post Utme Unilorin 2020 Economics Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2020 Economics Objective / Multiple Choice
Question 37 POST_UTME_UNILORIN • 2020 • ECONOMICS • objective

A country's trade balance is given by TB = X - M, where X is exports and M is imports. If the country's current exports and imports are 120 and 100 respectively, what is the trade balance?

Answer Options

Correct Answer A. 10
B. 20
C. 30
D. 40
Correct Answer
A
Correct Option:
10

About This Question

This is Post Utme Unilorin 2020 Economics Question 37. It is one of the objective questions from the 2020 Post Utme Unilorin Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support