Post Utme Abu 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_ABU • 2017 • ECONOMICS • objective

The money supply in an economy is given by M = 1000 + 0.5Y. If the money supply is ₦5000, what is the value of national income?

Answer Options

A. ₦5000
Correct Answer B. ₦6000
C. ₦7000
D. ₦8000
Correct Answer
B
Correct Option:
₦6000

About This Question

This is Post Utme Abu 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

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