Post Utme Bowen University 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_BOWEN_UNIVERSITY • 2017 • ECONOMICS • objective

Consider a country that has a GDP of ₦100 billion and a GNP of ₦120 billion. If the country's population is 20 million and its GDP per capita is ₦5,000, what is the likely effect on the country's GDP per capita if the country's GNP increases by 10%?

Answer Options

Correct Answer A. The GDP per capita will increase.
B. The GDP per capita will decrease.
C. The GDP per capita will remain unchanged.
D. The GDP per capita will become zero.
Correct Answer
A
Correct Option:
The GDP per capita will increase.

About This Question

This is Post Utme Bowen University 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Bowen University Economics examination.

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