Post Utme Wellspring University 2017 Commerce Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2017 Commerce Objective / Multiple Choice
Question 8 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • COMMERCE • objective

A country's trade balance is given by the equation TB = X - M, where X is the value of exports and M is the value of imports. If the country's exports are 100 billion and its imports are 80 billion, what is the country's trade balance?

Answer Options

Correct Answer A. 20 billion
B. 30 billion
C. 40 billion
D. 50 billion
Correct Answer
A
Correct Option:
20 billion

About This Question

This is Post Utme Wellspring University 2017 Commerce Question 8. It is one of the objective questions from the 2017 Post Utme Wellspring University Commerce examination.

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