Post Utme Igbinedion University 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2023 Economics Objective / Multiple Choice

Question 29 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ECONOMICS • objective

A country is experiencing a recession with a GDP growth rate of -2%. If the government implements a fiscal policy to increase government sp\ending by 10%, what is the likely effect on the GDP growth rate?

Answer Options

Correct Answer A. Increase in GDP growth rate

B. Decrease in GDP growth rate

C. No change in GDP growth rate

D. Uncertain effect on GDP growth rate

Correct Answer

Correct Option:

Increase in GDP growth rate

About This Question

This is Post Utme Igbinedion University 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Igbinedion University Economics examination.

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