Post Utme Madonna University 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP is ₦1,000,000,000,000. If the government decides to increase the price of a commodity by 10%, what will be the effect on the GDP deflator?

Answer Options

Correct Answer A. 10%
B. 5%
C. 0%
D. 15%
Correct Answer
A
Correct Option:
10%

About This Question

This is Post Utme Madonna University 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

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