Post Utme Uniport 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Uniport Economics examination.

Post Utme Uniport 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNIPORT • 2022 • ECONOMICS • objective

A country's balance of payments account is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's exports are ₦10 billion, imports are ₦8 billion, foreign investment is ₦2 billion, and domestic investment is ₦3 billion, what is the country's balance of payments?

Answer Options

Correct Answer A. ₦2 billion surplus
B. ₦1 billion deficit
C. ₦3 billion surplus
D. ₦4 billion deficit
Correct Answer
A
Correct Option:
₦2 billion surplus

About This Question

This is Post Utme Uniport 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Uniport Economics examination.

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