Gce Model Questions Vol1 2020 Government Question 49
Practice objective / multiple choice question 49 from the 2020 Gce Model Questions Vol1 Government examination.
Country A imposes a \(5\%\) tariff on imports from Country B, reducing Country B's export volume to A by \(12\%\). Simultaneously, Country A provides development aid to Country B equal to \(0.8\%\) of Country B's GDP. Country B's GDP is \(\$250\) billion and its original annual export value to Country A is \(\$15\) billion. Determine whether the net financial flow for Country B (aid received minus loss in export revenue) is a gain or loss, and calculate the amount in billions of dollars to one decimal place.
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About This Question
This is Gce Model Questions Vol1 2020 Government Question 49. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Government examination.
Difficulty level: Hard .
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