Post Utme Rsu 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice

Question 14 POST_UTME_RSU • 2017 • ECONOMICS • objective

A country's balance of payments accounts show a trade deficit of ₦100 billion. What is the correct explanation for this phenomenon?

Correct Answer A. The country is importing more goods and services than it is exporting.

B. The country is exporting more goods and services than it is importing.

C. The country is experiencing a surplus in its current account.

D. The country is experiencing a deficit in its capital account.

Correct Answer

Correct Option:

The country is importing more goods and services than it is exporting.

This is Post Utme Rsu 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

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