Post Utme Bowen University 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2020 Economics Objective / Multiple Choice
Question 4 POST_UTME_BOWEN_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

A. The country is exporting more goods than it is importing.
Correct Answer B. The country is importing more goods than it is exporting.
C. The country's GDP is decrea\sing.
D. The country's inflation rate is increa\sing.
Correct Answer
B
Correct Option:
The country is importing more goods than it is exporting.

About This Question

This is Post Utme Bowen University 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Bowen University Economics examination.

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