Post Utme Unilag 2025 Economics Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Unilag Economics examination.

Post Utme Unilag 2025 Economics Objective / Multiple Choice
Question 1 POST_UTME_UNILAG • 2025 • ECONOMICS • objective

A country's balance of payments is in equilibrium when the value of its imports equals the value of its exports. Which of the following is a correct statement about the balance of payments equilibrium?

Answer Options

A. The balance of payments equilibrium implies that the country has a trade deficit.
B. The balance of payments equilibrium implies that the country has a trade surplus.
Correct Answer C. The balance of payments equilibrium implies that the country's imports and exports are equal in value.
D. The balance of payments equilibrium implies that the country has a trade deficit and a capital surplus.
Correct Answer
C
Correct Option:
The balance of payments equilibrium implies that the country's imports and exports are equal in value.

About This Question

This is Post Utme Unilag 2025 Economics Question 1. It is one of the objective questions from the 2025 Post Utme Unilag Economics examination.

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