Post Utme Elizade University 2023 Economics Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2023 Economics Objective / Multiple Choice
Question 35 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP is ₦100 billion. If the government decides to increase the budget by 20% and the inflation rate is 15%, what is the new GDP?

Answer Options

A. ₦120 billion
B. ₦125 billion
Correct Answer C. ₦130 billion
D. ₦135 billion
Correct Answer
C
Correct Option:
₦130 billion

About This Question

This is Post Utme Elizade University 2023 Economics Question 35. It is one of the objective questions from the 2023 Post Utme Elizade University Economics examination.

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