Post Utme Esut 2025 Economics Question 12
Practice objective / multiple choice question 12 from the 2025 Post Utme Esut Economics examination.
A country's balance of payments account is given by the following equation: BOP = \( X - M \) + \( F - I \) + \( S - T \), where BOP is the balance of payments, X is exports, M is imports, F is foreign investment, I is domestic investment, S is savings and T is taxes. If the country's exports increase by 15%, imports decrease by 10%, foreign investment increases by 20%, domestic investment decreases by 15%, savings increase by 12% and taxes decrease by 8%, what is the new balance of payments?
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About This Question
This is Post Utme Esut 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.
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