Post Utme Noun 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A country's GDP is ₦100 billion. If the government decides to increase the price of a commodity by 20%, what will be the effect on the GDP?

Answer Options

A. Increase by 20%
Correct Answer B. Decrease by 20%
C. No effect
D. Increase by 10%
Correct Answer
B
Correct Option:
Decrease by 20%

About This Question

This is Post Utme Noun 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

View More Post Utme Noun 2023 Economics Questions More Post Utme Noun 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