Post Utme Noun 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Noun Economics examination.

Post Utme Noun 2017 Economics Objective / Multiple Choice

Question 7 POST_UTME_NOUN • 2017 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of $100 billion and a capital account surplus of $50 billion. What is the overall balance of payments position?

A. Trade deficit of $50 billion

B. Trade surplus of $50 billion

C. Capital account surplus of $50 billion

Correct Answer D. Overall balance of payments deficit of $50 billion

Correct Answer

Correct Option:

Overall balance of payments deficit of $50 billion

This is Post Utme Noun 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.

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