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Balance of payment surplus implies that the value of the country’s

Economics
WAEC 2008

Balance of payment surplus implies that the value of the country’s

  • A. exports exceeds its imports
  • B. imports exceed its exports
  • C. exports is equal to its imports
  • D. terms of trade is constant
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Correct Answer: Option A
Explanation

Balance of payment surplus means that a country's value of exports exceeds the value of its imports.

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