Post Utme Veritas University 2017 Economics Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2017 Economics Objective / Multiple Choice
Question 27 POST_UTME_VERITAS_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments account 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 value of exports is \( X = 100 \) and the value of imports is \( M = 80 \), what is the balance of payments?

Answer Options

Correct Answer A. 10
B. 20
C. 30
D. 40
Correct Answer
A
Correct Option:
10

About This Question

This is Post Utme Veritas University 2017 Economics Question 27. It is one of the objective questions from the 2017 Post Utme Veritas University Economics examination.

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