Post Utme Delsu 2017 Economics Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Delsu Economics examination.

Post Utme Delsu 2017 Economics Objective / Multiple Choice
Question 35 POST_UTME_DELSU • 2017 • ECONOMICS • objective

A country's GNP is calculated as the sum of the value of all final goods and services produced within its borders, plus the value of all income earned by its citizens from abroad. What is the effect of an increase in the price of a good on the country's GNP?

Answer Options

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

About This Question

This is Post Utme Delsu 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Delsu Economics examination.

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