Post Utme Veritas University 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_VERITAS_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Veritas University 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Veritas University Economics examination.

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