Post Utme Madonna University 2017 General Studies Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Madonna University General Studies examination.

Post Utme Madonna University 2017 General Studies Objective / Multiple Choice

Question 24 POST_UTME_MADONNA_UNIVERSITY • 2017 • GENERAL STUDIES • objective

The Nigerian government has introduced a new policy to increase the minimum wage for workers. What is the likely impact on the inflation rate?

Answer Options

Correct Answer A. Increased inflation rate

B. Decreased inflation rate

C. No impact on inflation rate

D. Increased unemployment rate

Correct Answer

Correct Option:

Increased inflation rate

About This Question

This is Post Utme Madonna University 2017 General Studies Question 24. It is one of the objective questions from the 2017 Post Utme Madonna University General Studies examination.

View More Post Utme Madonna University 2017 General Studies Questions More Post Utme Madonna 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