Post Utme Skyline University 2021 Economics Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 26 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

Consider a country with a trade deficit of ₦100 billion and a current account deficit of ₦120 billion. If the country's GDP is ₦20 trillion, what is the ratio of its trade deficit to its GDP?

Answer Options

Correct Answer A. 0.005
B. 0.01
C. 0.015
D. 0.02
Correct Answer
A
Correct Option:
0.005

About This Question

This is Post Utme Skyline University 2021 Economics Question 26. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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