Post Utme Christopher University 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦500 billion. If the country's GDP is ₦10 trillion, what is the implied trade balance as a percentage of GDP?

Answer Options

A. -5%
Correct Answer B. -10%
C. -15%
D. -20%
Correct Answer
B
Correct Option:
-10%

About This Question

This is Post Utme Christopher University 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Christopher University Economics examination.

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