Post Utme Eksu 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Eksu Economics examination.

Post Utme Eksu 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_EKSU • 2023 • ECONOMICS • objective

A country's balance of payments is given by the following table:\n\n| | Exports | Imports | Balance |\n| --- | --- | --- | --- |\n| 2020 | $100 | $150 | -$50 |\n| 2021 | $120 | $180 | -$60 |\n| 2022 | $140 | $210 | -$70 |\n\nWhat is the tr\end of the balance of payments over the three years?

Answer Options

Correct Answer A. Increa\sing deficit
B. Decrea\sing deficit
C. Increa\sing surplus
D. Decrea\sing surplus
Correct Answer
A
Correct Option:
Increa\sing deficit

About This Question

This is Post Utme Eksu 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Eksu Economics examination.

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