Post Utme Babcock University 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2018 Economics Objective / Multiple Choice
Question 32 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ECONOMICS • objective

A country's trade balance is given by TB = X - M, where X is exports and M is imports. If exports increase by 15% and imports decrease by 10%, what is the percentage change in the trade balance?

Answer Options

A. -5%
B. -10%
C. 0%
Correct Answer D. 5%
Correct Answer
D
Correct Option:
5%

About This Question

This is Post Utme Babcock University 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Babcock University Economics examination.

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