Post Utme Unilag 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNILAG • 2023 • ECONOMICS • objective

A country's GDP is increa\sing at a rate of 5% per annum. Which of the following is a possible explanation for the increase in GDP?

Answer Options

A. The country has experienced an increase in population.
Correct Answer B. The country has experienced an increase in the capital stock.
C. The country has experienced an increase in the labor force.
D. The country has experienced an increase in the price level.
Correct Answer
B
Correct Option:
The country has experienced an increase in the capital stock.

About This Question

This is Post Utme Unilag 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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