Post Utme Madonna University 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice

Question 4 POST_UTME_MADONNA_UNIVERSITY • 2020 • ECONOMICS • objective

A country's GDP is increa\sing at a rate of 5% per annum. What is the implication for the country's s\tandard of living?

Answer Options

Correct Answer A. The s\tandard of living is increa\sing.

B. The s\tandard of living is decrea\sing.

C. The s\tandard of living is cons\tant.

D. The effect on the s\tandard of living is ambiguous.

Correct Answer

Correct Option:

The s\tandard of living is increa\sing.

About This Question

This is Post Utme Madonna University 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Madonna University Economics examination.

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