Post Utme Unn 2023 Economics Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice
Question 36 POST_UTME_UNN • 2023 • ECONOMICS • objective

A country's balance of payments is given by the following table:\n\n| Item | 2020 | 2021 | 2022 |\n| --- | --- | --- | --- |\n| Exports | ₦500 billion | ₦550 billion | ₦600 billion |\n| Imports | ₦700 billion | ₦750 billion | ₦800 billion |\n| Current Account Balance | ₦-200 billion | ₦-150 billion | ₦-100 billion |\n\nWhat is the country's current account balance in 2022 as a percentage of its GDP?

Answer Options

A. -1.5%
B. -1.2%
Correct Answer C. -1.0%
D. -0.8%
Correct Answer
C
Correct Option:
-1.0%

About This Question

This is Post Utme Unn 2023 Economics Question 36. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

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