Post Utme Veritas University 2021 Economics Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 30 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

A country's balance of payments (BOP) is a statistical statement that summarizes all economic transactions between residents and non-residents over a specific period. Which of the following is a correct statement about the BOP?

Answer Options

A. The BOP is a measure of a country's economic growth.
B. The BOP is a measure of a country's trade deficit or surplus.
Correct Answer C. The BOP is a statistical statement that summarizes all economic transactions between residents and non-residents over a specific period.
D. The BOP is a measure of a country's inflation rate.
Correct Answer
C
Correct Option:
The BOP is a statistical statement that summarizes all economic transactions between residents and non-residents over a specific period.

About This Question

This is Post Utme Veritas University 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

View More Post Utme Veritas University 2021 Economics Questions More Post Utme Veritas University 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