JAMB Economics 2022 Objective — Question 9

Question 9 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.

9. Disequilibrium in the balance of payments means

A. (A) Imports of the country exceeding its exports
B. (B) Overall deficit or surplus in the balance of paymentsCorrect
C. (C) Capital flowing out of the country exceeds the capital flowing into the country
D. (D) Deficit in the trade balance

Explanation

Disequilibrium in the balance of payments simply means an overall excess or shortfall (surplus or deficit) between a country's total receipts and payments.

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