Waec Model Questions Vol1 2019 Commerce Question 20

Practice objective / multiple choice question 20 from the 2019 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2019 Commerce Objective / Multiple Choice Easy Difficulty

Question 20 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • COMMERCE • objective

During a fiscal year a country exported goods worth ₦8.4 billion and imported goods worth ₦7.1 billion. State whether the country recorded a trade surplus or deficit and give the amount (in billions of naira).

Answer Options

A. Trade deficit of 0.7 billion naira

Correct Answer B. Trade surplus of 1.3 billion naira

C. Trade deficit of 1.3 billion naira

D. Trade surplus of 0.7 billion naira

Correct Answer

Correct Option:

Trade surplus of 1.3 billion naira

About This Question

This is Waec Model Questions Vol1 2019 Commerce Question 20. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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Waec Model Questions Vol1 2019 Commerce Question 20

During a fiscal year a country exported goods worth ₦8.4 billion and imported goods worth ₦7.1 billion. State whether the country recorded a trade surplus or deficit and give the amount (in billions of naira).

Answer Options

About This Question

Master the Exam!

During a fiscal year a country exported goods worth ₦8.4 billion and imported goods worth ₦7.1 billion. State whether the country recorded a trade surplus or deficit and give the amount (in billions of naira).