Post Utme Lasu 2023 Economics Question 27
Practice objective / multiple choice question 27 from the 2023 Post Utme Lasu Economics examination.
A country's balance of payments is given by the following equation: BOP = \( X - M \) + \( F - I \), where BOP is the balance of payments, X is exports, M is imports, F is foreign investment and I is domestic investment. If exports increase by 10% and imports decrease by 5%, what is the percentage change in the balance of payments?
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About This Question
This is Post Utme Lasu 2023 Economics Question 27. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.
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