Post Utme Uniport 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Uniport Economics examination.

Post Utme Uniport 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNIPORT • 2017 • ECONOMICS • objective

A country's balance of payments is given by the following equation: \( BOP = X - M \), where (X) is the value of exports and (M) is the value of imports. If the value of exports is ₦500 billion and the value of imports is ₦600 billion, what is the balance of payments?

Answer Options

Correct Answer A. ₦-100 billion
B. ₦100 billion
C. ₦500 billion
D. ₦600 billion
Correct Answer
A
Correct Option:
₦-100 billion

About This Question

This is Post Utme Uniport 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Uniport Economics examination.

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