Post Utme Redeemers University 2025 Commerce Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2025 Commerce Objective / Multiple Choice
Question 24 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • COMMERCE • objective

A country's trade balance is given by the following equation:

Answer Options

Correct Answer A. The country's trade balance is equal to its exports minus its imports.
B. The country's trade balance is equal to its imports minus its exports.
C. The country's trade balance is equal to its GDP minus its imports.
D. The country's trade balance is equal to its GDP minus its exports.
Correct Answer
A
Correct Option:
The country's trade balance is equal to its exports minus its imports.

About This Question

This is Post Utme Redeemers University 2025 Commerce Question 24. It is one of the objective questions from the 2025 Post Utme Redeemers University Commerce examination.

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