Post Utme Unilorin 2023 Economics Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2023 Economics Objective / Multiple Choice
Question 25 POST_UTME_UNILORIN • 2023 • ECONOMICS • objective

A country's GDP is ₦100 billion, its imports are ₦20 billion, and its exports are ₦15 billion. What is its balance of trade?

Answer Options

A. ₦5 billion surplus
Correct Answer B. ₦5 billion deficit
C. ₦10 billion surplus
D. ₦10 billion deficit
Correct Answer
B
Correct Option:
₦5 billion deficit

About This Question

This is Post Utme Unilorin 2023 Economics Question 25. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.

View More Post Utme Unilorin 2023 Economics Questions More Post Utme Unilorin Practice Questions Back to Questions

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