Post Utme Caleb University 2017 Economics Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2017 Economics Objective / Multiple Choice
Question 9 POST_UTME_CALEB_UNIVERSITY • 2017 • ECONOMICS • objective

A government wants to reduce the budget deficit by increa\sing taxes. However, the tax increase will lead to a decrease in consumer sp\ending. What is the likely effect on the economy?

Answer Options

A. Increase in GDP
Correct Answer B. Decrease in GDP
C. No change in GDP
D. Dep\endence on other factors
Correct Answer
B
Correct Option:
Decrease in GDP

About This Question

This is Post Utme Caleb University 2017 Economics Question 9. It is one of the objective questions from the 2017 Post Utme Caleb University Economics examination.

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