Post Utme Christopher University 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ECONOMICS • objective

A country's GDP is calculated as the sum of its consumption (C), investment (I), government sp\ending (G), and net exports (NX). If the country's consumption and investment increase by 5% and 10%, respectively, and its government sp\ending and net exports remain unchanged, what is the likely effect on the country's GDP?

Answer Options

A. The country's GDP will increase by 5%.
B. The country's GDP will increase by 10%.
Correct Answer C. The country's GDP will increase by 15%.
D. The country's GDP will increase by 20%.
Correct Answer
C
Correct Option:
The country's GDP will increase by 15%.

About This Question

This is Post Utme Christopher University 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Christopher University Economics examination.

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