Post Utme Caleb University 2020 Economics Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2020 Economics Objective / Multiple Choice
Question 15 POST_UTME_CALEB_UNIVERSITY • 2020 • ECONOMICS • objective

A country's money supply is given by M = 1000 + 0.5Y. If the country's GDP is $100 billion, what is the money supply?

Answer Options

A. ₦500 billion
B. ₦750 billion
C. ₦1000 billion
Correct Answer D. ₦1250 billion
Correct Answer
D
Correct Option:
₦1250 billion

About This Question

This is Post Utme Caleb University 2020 Economics Question 15. It is one of the objective questions from the 2020 Post Utme Caleb University Economics examination.

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