Post Utme Uniport 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Uniport Economics examination.

Post Utme Uniport 2021 Economics Objective / Multiple Choice
Question 4 POST_UTME_UNIPORT • 2021 • ECONOMICS • objective

A country's balance of payments (BOP) 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 country's exports are 50 billion naira and its imports are 60 billion naira, what is the value of its balance of payments?

Answer Options

Correct Answer A. -10 billion naira
B. -5 billion naira
C. 0 billion naira
D. 5 billion naira
Correct Answer
A
Correct Option:
-10 billion naira

About This Question

This is Post Utme Uniport 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Uniport Economics examination.

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