Post Utme Unn 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Unn Economics examination.

Post Utme Unn 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNN • 2020 • ECONOMICS • objective

A country is experiencing a trade deficit due to a decrease in exports and an increase in imports. If the country's GDP is 100 billion, and the trade deficit is 20 billion, what is the percentage change in the trade deficit?

Answer Options

Correct Answer A. \( \frac{20}{100} \times 100 = 20% \)
B. \( \frac{20}{100} \times 100 = 2% \)
C. \( \frac{20}{100} \times 100 = 200% \)
D. \( \frac{20}{100} \times 100 = 0.2% \)
Correct Answer
A
Correct Option:
\( \frac{20}{100} \times 100 = 20% \)

About This Question

This is Post Utme Unn 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Unn Economics examination.

View More Post Utme Unn 2020 Economics Questions More Post Utme Unn Practice Questions Back to Questions

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