Post Utme Unn 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Unn Economics examination.

Post Utme Unn 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_UNN • 2018 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Unn 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.

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