Post Utme Osustech 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 9 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A country's money supply is ₦5 trillion, its velocity of money is 2, and its price level is ₦100. What is its nominal GDP?

Answer Options

A. ₦10 trillion
Correct Answer B. ₦20 trillion
C. ₦30 trillion
D. ₦40 trillion
Correct Answer
B
Correct Option:
₦20 trillion

About This Question

This is Post Utme Osustech 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Osustech 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