Post Utme Rhema University 2024 Economics Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 40 POST_UTME_RHEMA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's population is 100 million, its GDP per capita is ₦50,000, and its inflation rate is 5%. What is its nominal GDP?

Answer Options

A. ₦5 trillion
B. ₦5.5 trillion
Correct Answer C. ₦6 trillion
D. ₦6.5 trillion
Correct Answer
C
Correct Option:
₦6 trillion

About This Question

This is Post Utme Rhema University 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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