Post Utme Madonna University 2025 Economics Question 35

Practice objective / multiple choice question 35 from the 2025 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2025 Economics Objective / Multiple Choice
Question 35 POST_UTME_MADONNA_UNIVERSITY • 2025 • ECONOMICS • objective

A country's inflation rate is 5% per annum. If the country's nominal GDP is ₦1,000,000, what is the value of its real GDP?

Answer Options

Correct Answer A. ₦950,000
B. ₦1,000,000
C. ₦1,050,000
D. ₦1,100,000
Correct Answer
A
Correct Option:
₦950,000

About This Question

This is Post Utme Madonna University 2025 Economics Question 35. It is one of the objective questions from the 2025 Post Utme Madonna University Economics examination.

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