Post Utme Bsu 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Bsu Economics examination.

Post Utme Bsu 2019 Economics Objective / Multiple Choice
Question 18 POST_UTME_BSU • 2019 • ECONOMICS • objective

A country's nominal GDP is ₦100 billion, and its price level is 100. If the price level increases by 20%, what is the new nominal GDP?

Answer Options

A. ₦120 billion
Correct Answer B. ₦140 billion
C. ₦160 billion
D. ₦180 billion
Correct Answer
B
Correct Option:
₦140 billion

About This Question

This is Post Utme Bsu 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.

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