Post Utme Uniport 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Uniport Economics examination.

Post Utme Uniport 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNIPORT • 2018 • ECONOMICS • objective

Consider a country with a money supply of ₦5 trillion and a velocity of circulation of 2. If the country's GDP is ₦10 trillion, what is the price level?

Answer Options

A. ₦2
B. ₦3
Correct Answer C. ₦4
D. ₦5
Correct Answer
C
Correct Option:
₦4

About This Question

This is Post Utme Uniport 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Uniport Economics examination.

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