Post Utme Noun 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Noun Economics examination.

Post Utme Noun 2019 Economics Objective / Multiple Choice
Question 5 POST_UTME_NOUN • 2019 • ECONOMICS • objective

A country's inflation rate is 10% and its interest rate is 12%. If the country's money supply is ₦100 billion and its velocity of money is 2, what is the country's nominal GDP?

Answer Options

A. ₦2.5 trillion
B. ₦2.8 trillion
Correct Answer C. ₦3.0 trillion
D. ₦3.2 trillion
Correct Answer
C
Correct Option:
₦3.0 trillion

About This Question

This is Post Utme Noun 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.

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