Post Utme Nile University 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Nile University Economics examination.

Post Utme Nile University 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_NILE_UNIVERSITY • 2017 • ECONOMICS • objective

A country's balance of payments is said to be in equilibrium when the value of its exports equals the value of its imports. Which of the following is a correct interpretation of this condition?

Answer Options

A. The country is experiencing a trade deficit
B. The country is experiencing a trade surplus
C. The country is experiencing a balance of payments deficit
Correct Answer D. The country is experiencing a balance of payments surplus
Correct Answer
D
Correct Option:
The country is experiencing a balance of payments surplus

About This Question

This is Post Utme Nile University 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Nile University Economics examination.

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