Post Utme Ims U 2020 Economics Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice
Question 1 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

Consider a country with a trade deficit of ₦500 billion and a current account deficit of ₦200 billion. If the country's GDP is ₦20 trillion, what is the ratio of the current account deficit to the trade deficit?

Answer Options

A. 0.4
Correct Answer B. 0.6
C. 0.8
D. 1.0
Correct Answer
B
Correct Option:
0.6

About This Question

This is Post Utme Ims U 2020 Economics Question 1. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

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