Post Utme Ims U 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Ims U Economics examination.

Post Utme Ims U 2021 Economics Objective / Multiple Choice
Question 34 POST_UTME_IMS_U • 2021 • ECONOMICS • objective

A country's GDP is given by the equation GDP = C + I + G + \( X - M \). What is the implication of a decrease in government sp\ending (G) for the country's GDP?

Answer Options

A. GDP will increase.
Correct Answer B. GDP will decrease.
C. GDP will remain unchanged.
D. GDP will fluctuate randomly.
Correct Answer
B
Correct Option:
GDP will decrease.

About This Question

This is Post Utme Ims U 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Ims U Economics examination.

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