Post Utme Uniben 2022 Economics Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Uniben Economics examination.

Post Utme Uniben 2022 Economics Objective / Multiple Choice
Question 25 POST_UTME_UNIBEN • 2022 • ECONOMICS • objective

A country's GNP is ₦1.2 trillion. The government decides to increase the price of a particular good by 15%. What is the likely effect on the country's GNP?

Answer Options

A. Increase in GNP
Correct Answer B. Decrease in GNP
C. No effect on GNP
D. Increase in inflation
Correct Answer
B
Correct Option:
Decrease in GNP

About This Question

This is Post Utme Uniben 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Uniben Economics examination.

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