Waec Model Questions Vol1 2023 Government Question 6
Practice objective / multiple choice question 6 from the 2023 Waec Model Questions Vol1 Government examination.
Nigeria aims to raise its trade surplus with Country X from the current ₦200 million to a target that is 22.5 % higher next year. The plan includes three measures: (i) increase export earnings by a certain percent, (ii) reduce import expenditures by a certain percent, and (iii) a negotiated trade agreement that will add a fixed ₦30 million to export revenue. The percentage increase in exports is to be exactly twice the percentage reduction in imports. Currently, exports constitute 60 % of total trade (exports + imports). What percentage increase in exports is required (to two decimal places)?
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About This Question
This is Waec Model Questions Vol1 2023 Government Question 6. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Government examination.
Difficulty level: Hard .
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