Post Utme Mountain Top University 2020 Economics Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2020 Economics Objective / Multiple Choice
Question 16 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ECONOMICS • objective

The National Bureau of Statistics (NBS) reported that Nigeria's GDP grew by 2.27% in the first quarter of 2020. However, the growth rate was lower than the 3.02% recorded in the same quarter of 2019. What could be the possible reason for this decline in growth rate?

Answer Options

A. Decline in oil prices
Correct Answer B. Drought in the agricultural sector
C. Increase in interest rates
D. Decrease in government sp\ending
Correct Answer
B
Correct Option:
Drought in the agricultural sector

About This Question

This is Post Utme Mountain Top University 2020 Economics Question 16. It is one of the objective questions from the 2020 Post Utme Mountain Top University Economics examination.

View More Post Utme Mountain Top University 2020 Economics Questions More Post Utme Mountain Top University Practice Questions Back to Questions

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