Post Utme Wellspring University 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Wellspring University 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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