Post Utme Bowen University 2020 Economics Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice
Question 32 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M, where X is exports and M is imports. If the country's exports increase by 10% and imports decrease by 5%, what is the percentage change in the balance of payments?

Answer Options

A. 2.5%
B. 5%
Correct Answer C. 7.5%
D. 10%
Correct Answer
C
Correct Option:
7.5%

About This Question

This is Post Utme Bowen University 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.

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