Post Utme Veritas University 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_VERITAS_UNIVERSITY • 2024 • ECONOMICS • objective

Suppose a country has a trade deficit of $100 million and imports $50 million worth of goods from another country. If the country's exports are valued at $200 million, calculate the balance of trade.

Answer Options

A. $50 million surplus
Correct Answer B. $100 million deficit
C. $150 million surplus
D. $200 million deficit
Correct Answer
B
Correct Option:
$100 million deficit

About This Question

This is Post Utme Veritas University 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Veritas University Economics examination.

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