Post Utme Achievers University 2022 Economics Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2022 Economics Objective / Multiple Choice
Question 38 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • 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 increase by 15% and the imports decrease by 10%, what is the percentage change in the balance of payments?

Answer Options

A. 10%
Correct Answer B. 15%
C. 20%
D. 25%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Achievers University 2022 Economics Question 38. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.

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