Post Utme Unn 2023 Economics Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice
Question 31 POST_UTME_UNN • 2023 • ECONOMICS • objective

A country is experiencing a trade deficit due to an increase in imports. What is the effect of the trade deficit on the country's balance of payments?

Answer Options

Correct Answer A. The trade deficit will lead to a decrease in the balance of payments.
B. The trade deficit will lead to an increase in the balance of payments.
C. The trade deficit will have no effect on the balance of payments.
D. The trade deficit will lead to a decrease in the current account balance.
Correct Answer
A
Correct Option:
The trade deficit will lead to a decrease in the balance of payments.

About This Question

This is Post Utme Unn 2023 Economics Question 31. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

View More Post Utme Unn 2023 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