Post Utme Esut 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice
Question 22 POST_UTME_ESUT • 2023 • ECONOMICS • objective

A country's GDP is 100 billion naira, and its population is 20 million. If the average price level increases by 10%, what is the new GDP?

Answer Options

A. 110 billion naira
Correct Answer B. 120 billion naira
C. 130 billion naira
D. 140 billion naira
Correct Answer
B
Correct Option:
120 billion naira

About This Question

This is Post Utme Esut 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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