Post Utme Uniosun 2021 Commerce Question 13
Practice objective / multiple choice question 13 from the 2021 Post Utme Uniosun Commerce examination.
A country's balance of payments account is given by the following equation: BOP = (X - M) + (F - I), where BOP is the balance of payments, X is exports, M is imports, F is foreign investment, and I is domestic investment. If the country's exports increase by 10% and imports decrease by 5%, what is the percentage change in the balance of payments?
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About This Question
This is Post Utme Uniosun 2021 Commerce Question 13. It is one of the objective questions from the 2021 Post Utme Uniosun Commerce examination.
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