Post Utme Veritas University 2020 Economics Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2020 Economics Objective / Multiple Choice
Question 5 POST_UTME_VERITAS_UNIVERSITY • 2020 • ECONOMICS • objective

A country's trade balance is given by TB = X - M, where X is exports and M is imports. If the country's exports are $100 million and imports are $150 million, what is the value of the trade balance?

Answer Options

A. Surplus of $50 million
Correct Answer B. Deficit of $50 million
C. Surplus of $100 million
D. Deficit of $150 million
Correct Answer
B
Correct Option:
Deficit of $50 million

About This Question

This is Post Utme Veritas University 2020 Economics Question 5. It is one of the objective questions from the 2020 Post Utme Veritas University Economics examination.

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