Post Utme Covenant University 2017 Economics Question 3
Practice objective / multiple choice question 3 from the 2017 Post Utme Covenant University Economics examination.
A country's balance of payments is given by the following equation: BOP = X - M, where BOP is the balance of payments, X is exports, and M is imports. If exports increase by 15% and imports decrease by 10%, what is the percentage change in the balance of payments?
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About This Question
This is Post Utme Covenant University 2017 Economics Question 3. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.
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