Post Utme Unilag 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNILAG • 2023 • ECONOMICS • objective

A country's money supply is given by the equation: M = kPY. If the country's price level (P) is 100, the money supply (M) is $100 billion, and the velocity of money (k) is 2, what is the country's GDP (Y)?

Answer Options

A. $50 billion
B. $60 billion
Correct Answer C. $70 billion
D. $80 billion
Correct Answer
C
Correct Option:
$70 billion

About This Question

This is Post Utme Unilag 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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