Post Utme Madonna University 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_MADONNA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's GDP is ₦1,000,000,000,000. The country's government decides to implement a policy to reduce inequality by redistributing wealth from the rich to the poor. If the policy is successful and the country's Gini coefficient decreases by 10%, what will be the new Gini coefficient?

Answer Options

A. 0.20
Correct Answer B. 0.30
C. 0.40
D. 0.50
Correct Answer
B
Correct Option:
0.30

About This Question

This is Post Utme Madonna University 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Madonna University Economics examination.

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