Post Utme Uniben 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Uniben Economics examination.

Post Utme Uniben 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNIBEN • 2019 • ECONOMICS • objective

A country's balance of payments is given by the following equation: BOP = X - M - \( I - S \). If the country's exports (X) increase by 10%, and imports (M) decrease by 5%, what will happen to the balance of payments?

Answer Options

Correct Answer A. The balance of payments will increase.
B. The balance of payments will decrease.
C. The balance of payments will remain the same.
D. The balance of payments will increase by 5%.
Correct Answer
A
Correct Option:
The balance of payments will increase.

About This Question

This is Post Utme Uniben 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Uniben Economics examination.

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