Nigeria’s balance of payments current account balance moved from US$899 m in 2014 to US$ –15 763 m in 2015. If all other factors remain unchanged, what is likely to happen in 2015 to GDP and to the exchange rate in Nigeria?
- AGDP falls; exchange rate appreciates
- BGDP falls; exchange rate depreciates
- CGDP rises; exchange rate appreciates
- DGDP rises; exchange rate depreciates