Post Utme Unilorin 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2021 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNILORIN • 2021 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where BOP is the balance of payments, X is the value of exports and M is the value of imports. If the value of exports is $100 and the value of imports is $120, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Unilorin 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Unilorin Economics examination.

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