Post Utme Christopher University 2023 Commerce Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2023 Commerce Objective / Multiple Choice
Question 15 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • COMMERCE • objective

A country's balance of payments account shows a trade deficit of 1 billion. What does this indicate?

Answer Options

A. The country is experiencing economic growth
B. The country is experiencing economic decline
Correct Answer C. The country is importing more goods than it is exporting
D. The country is exporting more goods than it is importing
Correct Answer
C
Correct Option:
The country is importing more goods than it is exporting

About This Question

This is Post Utme Christopher University 2023 Commerce Question 15. It is one of the objective questions from the 2023 Post Utme Christopher University Commerce examination.

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