Post Utme Elizade University 2019 Economics Question 2
Practice objective / multiple choice question 2 from the 2019 Post Utme Elizade University Economics examination.
A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \), where BOP is the balance of payments, X is exports, M is imports, F is foreign investment and I is domestic investment. If the country's exports increase by 10%, imports decrease by 5%, foreign investment increases by 15% and domestic investment decreases by 10%, what is the percentage change in the balance of payments?
Answer Options
About This Question
This is Post Utme Elizade University 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Elizade University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.