The table below shows the values in terms of billions US Dollars of Kenya’s import and export between the years 2003 and 2008. Use it...

The table below shows the values in terms of billions US Dollars of Kenya’s import and export between the years 2003 and 2008. Use it to answer question (i) and (ii).

i) Calculate the balance of payment in the year 2008.
ii) Using a scale of 1 cm to represent 1 billion, draw a simple comparative bar graph based on the data above.
iii) State four reasons why Kenya’s exports are generally low.

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(i) Calculate the balance of payment in the year 2008.
4.10 – 8.54 = $-- 4.44 billions

(iii) State four reasons why Kenya’s exports are generally low.
- There are fixed quotas for some Kenya’s export at international market.
- Prices of some Kenya’s goods are determined in the world market / externally determined
- International prices keep on changing from year to year affecting the exports.
- Some products Kenya exports are inferior in quality
- Most of Kenya exports are in raw form fetching low prices.
- Competition from other producing countries which export better similar goods.

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Kavungya answered the question on May 28, 2019 at 11:24

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