Post Utme Babcock University 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

A country's balance of payments (BOP) is in surplus, meaning that it has a trade surplus. U\sing the concept of BOP, explain why this may not necessarily mean that the country is experiencing economic growth.

Answer Options

A. A trade surplus indicates that a country is exporting more goods and services than it is importing.
B. A trade surplus indicates that a country is experiencing economic growth.
Correct Answer C. A trade surplus indicates that a country is experiencing a decrease in economic growth.
D. A trade surplus indicates that a country is experiencing a decrease in imports.
Correct Answer
C
Correct Option:
A trade surplus indicates that a country is experiencing a decrease in economic growth.

About This Question

This is Post Utme Babcock University 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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