Post Utme Lautech 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Lautech Economics examination.

Post Utme Lautech 2017 Economics Objective / Multiple Choice
Question 33 POST_UTME_LAUTECH • 2017 • ECONOMICS • objective

A country's money supply is given by the equation M = 1000 + 0.5Y, where M is the money supply and Y is the national income. If the country's national income is 10000, find the money supply.

Answer Options

A. ₦6000
Correct Answer B. ₦7000
C. ₦8000
D. ₦9000
Correct Answer
B
Correct Option:
₦7000

About This Question

This is Post Utme Lautech 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Lautech Economics examination.

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