Post Utme Lautech 2017 Economics Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Lautech Economics examination.

Post Utme Lautech 2017 Economics Objective / Multiple Choice
Question 37 POST_UTME_LAUTECH • 2017 • ECONOMICS • objective

A country's economic growth rate is given by the equation G = 2Y/P, where G is the economic growth rate, Y is the national income and P is the price level. If the country's national income and price level are 10000 and 500 respectively, find the economic growth rate.

Answer Options

A. 0.4
Correct Answer B. 0.6
C. 0.8
D. 1.0
Correct Answer
B
Correct Option:
0.6

About This Question

This is Post Utme Lautech 2017 Economics Question 37. It is one of the objective questions from the 2017 Post Utme Lautech Economics examination.

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