Post Utme Covenant University 2023 Economics Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2023 Economics Objective / Multiple Choice
Question 4 POST_UTME_COVENANT_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP is calculated as the sum of its consumption, investment, government sp\ending, and net exports. If the country experiences a decrease in its consumption, what will happen to its GDP?

Answer Options

A. GDP will increase
Correct Answer B. GDP will decrease
C. GDP will remain unchanged
D. GDP will increase in the short run but decrease in the long run
Correct Answer
B
Correct Option:
GDP will decrease

About This Question

This is Post Utme Covenant University 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Covenant University Economics examination.

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