Post Utme Delsu 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Delsu Economics examination.

Post Utme Delsu 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_DELSU • 2017 • ECONOMICS • objective

A country's GDP is calculated as the sum of the value of all final goods and services produced within its borders. What is the effect of an increase in the price of a good on the country's GDP?

Answer Options

A. The GDP increases.
B. The GDP decreases.
Correct Answer C. The GDP remains unchanged.
D. The GDP increases by the amount of the price increase.
Correct Answer
C
Correct Option:
The GDP remains unchanged.

About This Question

This is Post Utme Delsu 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Delsu Economics examination.

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