Post Utme Babcock University 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ECONOMICS • objective

A country is experiencing a recession, and its GDP is decrea\sing. U\sing the concept of GDP, explain why this may not necessarily mean that the country is experiencing economic decline.

Answer Options

A. A decrease in GDP indicates that a country is experiencing economic decline.
B. A decrease in GDP indicates that a country is experiencing economic growth.
Correct Answer C. A decrease in GDP indicates that a country is experiencing a recession.
D. A decrease in GDP indicates that a country is experiencing a depression.
Correct Answer
C
Correct Option:
A decrease in GDP indicates that a country is experiencing a recession.

About This Question

This is Post Utme Babcock University 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.

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