WAEC Commerce 2025 Objective — Question 20

Question 20 of 51 from the West African Examinations Council (WAEC) Commerce 2025 Objective paper, with the correct answer and a full explanation.

A deficit in the balance of trade occurs when

A. visible exports exceed visible imports
B. visible imports exceed visible exportsCorrect
C. total payments exceed total receipts
D. total imports exceed total exports

Explanation

Balance of trade is the difference between visible imports and visible exports. If visible imports exceed visible exports, the balance of trade is unfavourable (a deficit).

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