Post Utme Redeemers University 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ECONOMICS • objective

A country's money supply (M) is given by the equation M = 1000 + 0.5Y, where Y is the country's GDP. If the country's GDP is $10 billion, what is the country's money supply?

Answer Options

A. $5000 million
Correct Answer B. $5500 million
C. $6000 million
D. $6500 million
Correct Answer
B
Correct Option:
$5500 million

About This Question

This is Post Utme Redeemers University 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Redeemers University Economics examination.

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