Post Utme Lead City University 2020 Economics Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2020 Economics Objective / Multiple Choice

Question 35 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • ECONOMICS • objective

Consider a closed economy with a \single good and service. If the government imposes a lump-sum tax on households, what will be the effect on the economy's GDP?

Answer Options

A. GDP will decrease

B. GDP will increase

Correct Answer C. GDP will remain unchanged

D. GDP will be unaffected

Correct Answer

Correct Option:

GDP will remain unchanged

About This Question

This is Post Utme Lead City University 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Lead City University Economics examination.

View More Post Utme Lead City University 2020 Economics Questions More Post Utme Lead City University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support