Post Utme Igbinedion University 2023 Economics Question 9
Practice objective / multiple choice question 9 from the 2023 Post Utme Igbinedion University Economics examination.
A country's balance of payments is given by BOP = X - M, where BOP is the balance of payments, X is exports, and M is imports. If exports increase by 20% and imports remain cons\tant, by what percentage does the balance of payments increase?
Answer Options
About This Question
This is Post Utme Igbinedion University 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Igbinedion 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.