Post Utme Elizade University 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 34 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

A country's Balance of Payments (BOP) is in equilibrium when the current account and capital account are balanced. What is the implication of a BOP deficit on the country's economy?

Answer Options

Correct Answer A. The country's economy will experience a decrease in GDP
B. The country's economy will experience an increase in GDP
C. The country's economy will experience a decrease in inflation
D. The country's economy will experience an increase in inflation
Correct Answer
A
Correct Option:
The country's economy will experience a decrease in GDP

About This Question

This is Post Utme Elizade University 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

View More Post Utme Elizade University 2022 Economics Questions More Post Utme Elizade University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support