Post Utme Veritas University 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 35 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

A country's trade deficit is the difference between the value of its imports and exports over a specific period. Which of the following is a correct statement about the trade deficit?

Answer Options

A. The trade deficit is the difference between the value of a country's exports and imports over a specific period.
Correct Answer B. The trade deficit is the difference between the value of a country's imports and exports over a specific period.
C. The trade deficit is the difference between the value of a country's exports and its GDP over a specific period.
D. The trade deficit is the difference between the value of a country's imports and its GDP over a specific period.
Correct Answer
B
Correct Option:
The trade deficit is the difference between the value of a country's imports and exports over a specific period.

About This Question

This is Post Utme Veritas University 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

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