Post Utme Unilorin 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's exports are $100 billion, imports are $80 billion, foreign investment is $20 billion, and domestic investment is $15 billion, what is the balance of payments?

Answer Options

Correct Answer A. $5 billion surplus
B. $10 billion surplus
C. $15 billion deficit
D. $20 billion deficit
Correct Answer
A
Correct Option:
$5 billion surplus

About This Question

This is Post Utme Unilorin 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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