Post Utme Pan Atlantic University 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2024 Economics Objective / Multiple Choice
Question 13 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ECONOMICS • objective

A country's money supply is given by M = 1000 + 0.5Y, where M is the money supply and Y is the GDP. If the GDP increases by 10%, what is the percentage change in the money supply?

Answer Options

A. 5%
Correct Answer B. 7.5%
C. 10%
D. 12.5%
Correct Answer
B
Correct Option:
7.5%

About This Question

This is Post Utme Pan Atlantic University 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Economics examination.

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