A country has a surplus in its balance of visible trade if

  • A the value of imports exceeds the value of exports of goods
  • B the value of exports exceeds the value of import of goods
  • C the value of goods exported is equal to the value of goods imported
  • D it is able to spend a lot on capital programmes
  • E commercial banks assets increase
jamb 1978economics

The correct answer is B. the value of exports exceeds the value of import of goods

A surplus in the balance of trade occurs when exports exceed imports

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