Post Utme Uniosun 2021 Economics Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2021 Economics Objective / Multiple Choice

Question 14 POST_UTME_UNIOSUN • 2021 • 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 the country's balance of trade?

Answer Options

Correct Answer A. ₦100,000,000 surplus

B. ₦100,000,000 deficit

C. ₦200,000,000 surplus

D. ₦200,000,000 deficit

Correct Answer

Correct Option:

₦100,000,000 surplus

About This Question

This is Post Utme Uniosun 2021 Economics Question 14. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.

View More Post Utme Uniosun 2021 Economics Questions More Post Utme Uniosun 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