2019 Waec Economics Answers

2019 Waec English Answers - May/June Expo

(2c)
Balance of current Balance = value of total Export – Value of total Import
Total Export – $m
Agriculture – 200
Mineral produce – 300
Consumers goods –
Capital goods –
Insurance – 25
Banking – 30
Transportation – 25
Total = $580

Total Imports: – $m
Agriculture –
Mineral produce –
Consumer goods 250
Capital goods – 400
Insurance – 50
Banking – 75
Transport – 85
Total = $860
Therefore 580 – 860 = $280
It is a deficit current Account balance

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2 Comments

  1. Chinasa Amaefula May 17, 2019
  2. christian eshiet May 25, 2019

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