Post Utme Al Hikmah University 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice

Question 17 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $100 million. What does this mean?

Answer Options

A. The country is exporting more goods and services than it is importing

Correct Answer B. The country is importing more goods and services than it is exporting

C. The country is neither exporting nor importing any goods and services

D. The country is exporting an equal amount of goods and services as it is importing

Correct Answer

Correct Option:

The country is importing more goods and services than it is exporting

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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