Post Utme Eksu 2022 Economics Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Eksu Economics examination.

Post Utme Eksu 2022 Economics Objective / Multiple Choice
Question 33 POST_UTME_EKSU • 2022 • ECONOMICS • objective

The balance of payments (BOP) of a country is a statistical statement that summarizes all economic transactions between residents and non-residents. U\sing the concept of BOP, explain the difference between a current account surplus and a current account deficit.

Answer Options

Correct Answer A. A current account surplus occurs when a country exports more goods and services than it imports.
B. A current account deficit occurs when a country exports more goods and services than it imports.
C. A current account surplus occurs when a country imports more goods and services than it exports.
D. A current account deficit occurs when a country imports more goods and services than it exports.
Correct Answer
A
Correct Option:
A current account surplus occurs when a country exports more goods and services than it imports.

About This Question

This is Post Utme Eksu 2022 Economics Question 33. It is one of the objective questions from the 2022 Post Utme Eksu Economics examination.

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