Post Utme Uniben 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Uniben Economics examination.

Post Utme Uniben 2022 Economics Objective / Multiple Choice

Question 23 POST_UTME_UNIBEN • 2022 • ECONOMICS • objective

A country's GDP is ₦1 trillion. The government decides to increase the price of a particular good by 20%. What is the likely effect on the country's GDP?

Answer Options

A. Increase in GDP

Correct Answer B. Decrease in GDP

C. No effect on GDP

D. Increase in inflation

Correct Answer

Correct Option:

Decrease in GDP

About This Question

This is Post Utme Uniben 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Uniben Economics examination.

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