Post Utme Bsu 2019 Economics Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Bsu Economics examination.

Post Utme Bsu 2019 Economics Objective / Multiple Choice
Question 16 POST_UTME_BSU • 2019 • ECONOMICS • objective

Consider a closed economy with a \single good and service. If the price level increases by 10% and the nominal GDP also increases by 10%, what can be concluded about the real GDP?

Answer Options

A. Real GDP has increased by 10%
B. Real GDP has decreased by 10%
Correct Answer C. Real GDP has remained cons\tant
D. Insufficient information to determine the effect on real GDP
Correct Answer
C
Correct Option:
Real GDP has remained cons\tant

About This Question

This is Post Utme Bsu 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.

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