------------- is NOT the cause of balance of payments (BOP) deficits in Nigeria

Assessment: JAMB UTME - Economics - 2023 Subject: Economics

Question 1 Report

------------- is NOT the cause of balance of payments (BOP) deficits in Nigeria
Answer Details
The causes of balance of payment deficit are: low level of agriculture, low level of technological development, inadequacies in export promotion strategy, political instability, poor social and economic infrastructure, servicing of huge external debts, existence of import dependent industries etc.
Read lesson note on Economic Integration (WAEC)
Read lesson note on International Trade And Balance Of Payments (WAEC)
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