Post Utme Noun 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A country's GNP is ₦120 billion. If the government decides to increase the price of a commodity by 15%, what will be the effect on the GNP?

Answer Options

Correct Answer A. Increase by 15%
B. Decrease by 15%
C. No effect
D. Increase by 10%
Correct Answer
A
Correct Option:
Increase by 15%

About This Question

This is Post Utme Noun 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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