Waec Model Questions Vol1 2025 Commerce Question 13

Practice objective / multiple choice question 13 from the 2025 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2025 Commerce Objective / Multiple Choice Easy Difficulty
Question 13 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • COMMERCE • objective

A country exported goods worth $45 million and imported goods worth $38 million. If the government imposes a 5% tariff on all imports, what is the new trade balance (exports minus imports after tariff)?

Answer Options

Correct Answer A. $5.1 million surplus
B. $5.0 million surplus
C. $5.1 million deficit
D. $5.2 million surplus
Correct Answer
A
Correct Option:
$5.1 million surplus

About This Question

This is Waec Model Questions Vol1 2025 Commerce Question 13. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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