Country X has recorded a surplus balance of payments from its foreign trade. Outline four ways in which the country can spend these surplus earnings.

Answer:

-Increasing volume of imports.
-Initiating or completing development project in the country
-Is a revenue that is used to carry out development
-Enable a country to fully exploit the resources due to widened market
-Enable a country to obtain what it does not produce
-By paying its foreign debts

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