Post Utme Joseph Ayo Babalola University 2022 Economics Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2022 Economics Objective / Multiple Choice
Question 39 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's agricultural sector is experiencing a supply shock due to a drought. The supply curve shifts to the left, cau\sing the price of agricultural products to increase. What is the effect on the country's GDP?

Answer Options

A. GDP increases
Correct Answer B. GDP decreases
C. GDP remains unchanged
D. GDP increases, but at a slower rate
Correct Answer
B
Correct Option:
GDP decreases

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

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