Post Utme Greenfield University 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ECONOMICS • objective

A country is experiencing a trade deficit of ₦100,000. The country's imports are valued at ₦150,000 and its exports are valued at ₦50,000. What is the country's balance of payments position?

Answer Options

Correct Answer A. The country has a trade deficit and a current account deficit.
B. The country has a trade surplus and a current account surplus.
C. The country has a trade deficit and a current account surplus.
D. The country has a trade surplus and a current account deficit.
Correct Answer
A
Correct Option:
The country has a trade deficit and a current account deficit.

About This Question

This is Post Utme Greenfield University 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Greenfield University Economics examination.

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