Post Utme Veritas University 2022 Economics Question 24

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

Post Utme Veritas University 2022 Economics Objective / Multiple Choice
Question 24 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following table:\n| Item | Value |\n| --- | --- |\n| Exports | ₦1.2 trillion |\n| Imports | ₦1.5 trillion |\n| Net Factor Income | ₦200 billion |\n| Net Transfer | ₦100 billion |\nWhat is the country's balance of payments deficit?

Answer Options

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

About This Question

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

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