Post Utme Uniport 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Uniport Economics examination.

Post Utme Uniport 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_UNIPORT • 2017 • ECONOMICS • objective

A country's balance of payments is given by the equation \( BOP = X - M \), where ( X ) is exports and ( M ) is imports. If the country's exports are $100 billion and imports are $80 billion, what is the balance of payments?

Answer Options

Correct Answer A. +20 billion
B. +10 billion
C. +5 billion
D. +1 billion
Correct Answer
A
Correct Option:
+20 billion

About This Question

This is Post Utme Uniport 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Uniport Economics examination.

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