Post Utme Aaua 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Aaua Economics examination.

Post Utme Aaua 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_AAUA • 2017 • ECONOMICS • objective

The balance of payments (BOP) of a country is a statistical statement that summarizes all economic transactions between the residents and non-residents of the country. If the BOP of a country shows a deficit of $100 million, what does this imply?

Answer Options

A. The country has a trade surplus
Correct Answer B. The country has a trade deficit
C. The country has a current account surplus
D. The country has a capital account deficit
Correct Answer
B
Correct Option:
The country has a trade deficit

About This Question

This is Post Utme Aaua 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Aaua Economics examination.

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