Post Utme Summit University 2017 Commerce Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Summit University Commerce examination.

Post Utme Summit University 2017 Commerce Objective / Multiple Choice
Question 40 POST_UTME_SUMMIT_UNIVERSITY • 2017 • COMMERCE • objective

A country has a trade deficit of 100 billion and a GDP of 500 billion. If the country's trade deficit is 20% of its GDP, what is the country's trade deficit as a percentage of its GDP?

Answer Options

A. 10%
B. 15%
Correct Answer C. 20%
D. 25%
Correct Answer
C
Correct Option:
20%

About This Question

This is Post Utme Summit University 2017 Commerce Question 40. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support