Neco 2019 Commerce Question 4

Practice objective / multiple choice question 4 from the 2019 Neco Commerce examination.

Neco 2019 Commerce Objective / Multiple Choice Easy Difficulty
Question 4 NECO • 2019 • COMMERCE • objective

In a given year, Nigeria exported goods worth ₦1.2 trillion and imported goods worth ₦1.5 trillion. What was the trade balance for that year (state whether it is a deficit or a surplus and give the amount)?

Answer Options

A. ₦200 billion deficit
Correct Answer B. ₦300 billion deficit
C. ₦300 billion surplus
D. ₦500 billion deficit
Correct Answer
B
Correct Option:
₦300 billion deficit

About This Question

This is Neco 2019 Commerce Question 4. It is one of the objective questions from the 2019 Neco Commerce examination.

Difficulty level: Easy .

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