Question

primarily by
(a) Widening gap between imports and exports
(b) Difference between savings and investments
( Widening gap between government expenditure and revenue
(d) Difference between aggregate demand and aggregate supply
Which of the following factors was one of the primary causes of the
balance of payments crisis in 1991?
(a) Low rate of inflation
(b) Surplus budget
(c) High interest rate
(d) Rising oil price and poor remittances
5​

Answer 1

Explanation:

The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade.