Post Utme Rsu 2018 Economics Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Rsu Economics examination.

Post Utme Rsu 2018 Economics Objective / Multiple Choice
Question 24 POST_UTME_RSU • 2018 • ECONOMICS • objective

A central bank increases the money supply by ₦100 billion. If the velocity of money is 5, what is the increase in the nominal GDP?

Answer Options

A. ₦500 billion
B. ₦600 billion
C. ₦700 billion
Correct Answer D. ₦800 billion
Correct Answer
D
Correct Option:
₦800 billion

About This Question

This is Post Utme Rsu 2018 Economics Question 24. It is one of the objective questions from the 2018 Post Utme Rsu Economics examination.

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