Post Utme Joseph Ayo Babalola University 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

The National Bureau of Statistics (NBS) releases the Gross Domestic Product (GDP) data for the fourth quarter of 2022. The GDP growth rate is 3.5% compared to 2.8% in the previous quarter. What is the implication of this data on the economy?

Answer Options

A. The economy is experiencing a recession
B. The economy is experiencing a boom
Correct Answer C. The economy is experiencing a steady growth
D. The economy is experiencing a decline
Correct Answer
C
Correct Option:
The economy is experiencing a steady growth

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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