Post Utme Unn 2022 Economics Question 10
Practice objective / multiple choice question 10 from the 2022 Post Utme Unn Economics examination.
A country's trade balance is given by the equation TB = X - M, where X is the value of exports and M is the value of imports. If the value of exports increases from ₦500 million to ₦700 million and the value of imports remains cons\tant at ₦600 million, what is the new trade balance?
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About This Question
This is Post Utme Unn 2022 Economics Question 10. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.
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