Post Utme Uniport 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Uniport Economics examination.

Post Utme Uniport 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNIPORT • 2024 • ECONOMICS • objective

A country's balance of payments account shows a trade deficit of ₦500 billion and a current account deficit of ₦700 billion. If the country's GDP is ₦10 trillion, calculate the percentage of GDP accounted for by the current account deficit.

Answer Options

A. 5%
Correct Answer B. 7%
C. 10%
D. 12%
Correct Answer
B
Correct Option:
7%

About This Question

This is Post Utme Uniport 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.

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