Economics WAEC - Page 135 of 319 - Erudites Academy

If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?

If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?

by Sunday | Aug 1 | Economics WAEC

A. a rise in the external value of its currency B. a fall in the external value of its currency C. an increase in the volume of imports D. the consumption of more foreign goods Correct Answer: Option B – a fall in the external value of its...

If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?

If a country has a balance of payments surplus on current account, this means that?

by Sunday | Aug 1 | Economics WAEC

A. total invisible export is greater than invisible import B. the value of goods exported must be greater than the value of goods imported C. there must be a positive balance of capital account D. the aggregate of the balance of trade and the invisible balance must be...

If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?

The balance of visible trade is the difference between the values of?`

by Sunday | Aug 1 | Economics WAEC

A. imported and exported goods B. imported and exported services C. current account and capital account D. exchange rate of local and foreign currencies Correct Answer: Option A – imported and exported goods

Development plans have not been successful in some developing countries largely because of?

by Sunday | Aug 1 | Economics WAEC

A. very large working population B. increase level of consumption C. scarcity of industrial raw materials D. shortage of skilled labour and experts Correct Answer: Option D – shortage of skilled labour and experts...

If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?

One of the major consequences of urban-biased development programmes in Nigeria is that they?

by Sunday | Aug 1 | Economics WAEC

A. led o rapid rural-urban migration B. led to an unprecedented urban wealth C. transformed rural areas into urban centres D. increased the level of specialized manpower in the cities Correct Answer: Option A – led o rapid rural-urban...

If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?

If a country’s national income increased from N1000 billion over a period of 2 years, what was the average annual rate of growth of national income over the period?

by Sunday | Aug 1 | Economics WAEC

A. 5% B. 15% C. 20% D. 100% Correct Answer: Option A – 5%

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