Post Utme Summit University 2019 Economics Question 14

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

Post Utme Summit University 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GDP at market price is $100 billion. If the implicit deflator is 120, what is the GDP at factor \cost?

Answer Options

A. $80 billion
B. $90 billion
Correct Answer C. $100 billion
D. $110 billion
Correct Answer
C
Correct Option:
$100 billion

About This Question

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