Post Utme Wellspring University 2023 Economics Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 9 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

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

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 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support