Waec Model Questions Vol1 2018 Government Question 32
Practice objective / multiple choice question 32 from the 2018 Waec Model Questions Vol1 Government examination.
Nigeria is evaluating two foreign‑policy options for the coming fiscal year.\nOption X: Sign a trade agreement that will raise exports by 12% and imports by 5%.\nOption Y: Join a regional security pact that will increase defence spending by 3% of GDP and attract foreign aid equal to 2% of GDP.\nCurrent data: GDP growth = 5% per annum; exports constitute 20% of GDP; imports constitute 15% of GDP; defence spending is 4% of GDP; foreign aid is 0.5% of GDP. Assuming all other components of GDP remain unchanged and that changes in exports and imports affect GDP directly through the net‑export component, which option will give the higher projected GDP growth for the next year? State the option (X or Y).
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About This Question
This is Waec Model Questions Vol1 2018 Government Question 32. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Government examination.
Difficulty level: Hard .
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