Post Utme Lautech 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

A country's economic growth is measured by its GDP. What is the likely effect of an increase in GDP on the country's s\tandard of living?

Answer Options

Correct Answer A. The s\tandard of living will increase.
B. The s\tandard of living will decrease.
C. The s\tandard of living will remain unchanged.
D. The s\tandard of living will fluctuate randomly.
Correct Answer
A
Correct Option:
The s\tandard of living will increase.

About This Question

This is Post Utme Lautech 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.

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