Post Utme Lautech 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Lautech Economics examination.

Post Utme Lautech 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_LAUTECH • 2022 • ECONOMICS • objective

A country is experiencing a recession with a GDP growth rate of -2%. If the country's inflation rate is 5%, what is the likely effect on the country's real GDP?

Answer Options

A. The real GDP will increase by 3%.
Correct Answer B. The real GDP will decrease by 7%.
C. The real GDP will remain unchanged.
D. The real GDP will increase by 1%.
Correct Answer
B
Correct Option:
The real GDP will decrease by 7%.

About This Question

This is Post Utme Lautech 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Lautech Economics examination.

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