The amount, ₦4.08 million, shown as balance in the table represents

Assessment: JAMB UTME - Economics - 1989 Subject: Economics

Question 1 Report

The amount, ₦4.08 million, shown as balance in the table represents

Answer Details
The amount ₦4.08 million shown as balance in the table represents the balance on current accounts. The balance on current accounts is the difference between a country's total exports and total imports of goods and services over a period, usually a year. In this case, the table likely shows the current account balance for a country, where the balance is positive, indicating that the value of exports is greater than the value of imports.
Read lesson note on National Income (WAEC)
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