Post Utme Madonna University 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2025 Economics Objective / Multiple Choice
Question 15 POST_UTME_MADONNA_UNIVERSITY • 2025 • ECONOMICS • objective

A country is experiencing a recession, and the government decides to implement a monetary policy to stimulate the economy. If the central bank increases the money supply by ₦5 billion, and the velocity of money is 2, what is the increase in nominal GDP?

Answer Options

A. ₦10 billion
Correct Answer B. ₦15 billion
C. ₦20 billion
D. ₦25 billion
Correct Answer
B
Correct Option:
₦15 billion

About This Question

This is Post Utme Madonna University 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Madonna University Economics examination.

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