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JAMB Economics 1981 Question 37

Question 37

International Trade

Given the international trade statistics of Nigeria for the past 6 years, which of these statements would you consider to be correct?

  1. A.The value of industrial exports is declining
  2. B.The value of industrial imports is constant
  3. C.The share of agricultural exports is increasing
  4. D.The share of agricultural exports is decreasing
  5. E.The value of mineral exports is declining
Show the answer and explanation

Answer: D (The share of agricultural exports is decreasing)

Explanation

Since the oil boom, petroleum has dominated Nigeria's exports, so the share of agricultural exports has been falling.