Post Utme Unn 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Unn Economics examination.

Post Utme Unn 2022 Economics Objective / Multiple Choice
Question 24 POST_UTME_UNN • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M + \( F - I \). If the country's exports (X) are ₦1,200,000, imports (M) are ₦900,000, foreign investment (F) is ₦300,000, and domestic investment (I) is ₦400,000, what is the balance of payments?

Answer Options

Correct Answer A. ₦300,000
B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Unn 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.

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