Post Utme Nile University 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Nile University Economics examination.

Post Utme Nile University 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_NILE_UNIVERSITY • 2021 • ECONOMICS • objective

A country's balance of payments is in equilibrium. If the country's exports increase by 10% and its imports decrease by 5%, what is the effect on the current account balance?

Answer Options

Correct Answer A. Increase
B. Decrease
C. No Change
D. Uncertain
Correct Answer
A
Correct Option:
Increase

About This Question

This is Post Utme Nile University 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Nile University Economics examination.

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