Post Utme Wellspring University 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \). If the country's exports are ₦100 billion, imports are ₦80 billion, foreign investment is ₦20 billion, and domestic investment is ₦30 billion, what is the balance of payments?

Answer Options

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

About This Question

This is Post Utme Wellspring University 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Wellspring University Economics examination.

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