Post Utme Greenfield University 2020 Economics Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2020 Economics Objective / Multiple Choice
Question 6 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments account is in equilibrium when the value of its imports equals the value of its exports. What is the name of the economic concept that describes the situation where a country's imports exceed its exports?

Answer Options

A. Trade Deficit
B. Trade Surplus
Correct Answer C. Current Account Deficit
D. Current Account Surplus
Correct Answer
C
Correct Option:
Current Account Deficit

About This Question

This is Post Utme Greenfield University 2020 Economics Question 6. It is one of the objective questions from the 2020 Post Utme Greenfield University Economics examination.

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