Post Utme Joseph Ayo Babalola University 2020 Economics Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 3 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦500 billion. What does this mean for the country's economy?

Answer Options

A. The country is experiencing economic growth.
Correct Answer B. The country is experiencing economic decline.
C. The country is experiencing a trade surplus.
D. The country is experiencing a trade deficit.
Correct Answer
B
Correct Option:
The country is experiencing economic decline.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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