Post Utme Lasu 2018 Economics Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice
Question 21 POST_UTME_LASU • 2018 • ECONOMICS • objective

Consider a closed economy with a GDP of ₦100 billion and a population of 20 million. If the average annual income per capita is ₦5,000, what is the implied GDP deflator?

Answer Options

A. 100
B. 120
Correct Answer C. 150
D. 180
Correct Answer
C
Correct Option:
150

About This Question

This is Post Utme Lasu 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

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