Post Utme Unn 2019 Economics Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 6 POST_UTME_UNN • 2019 • ECONOMICS • objective

A country's GDP is calculated as the sum of the value of all final goods and services produced within its borders. However, if a country imports goods worth ₦100 billion and exports goods worth ₦120 billion, what is the balance of trade?

Answer Options

Correct Answer A. ₦20 billion surplus
B. ₦20 billion deficit
C. ₦100 billion surplus
D. ₦100 billion deficit
Correct Answer
A
Correct Option:
₦20 billion surplus

About This Question

This is Post Utme Unn 2019 Economics Question 6. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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