Post Utme Wellspring University 2022 Economics Question 25

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

Post Utme Wellspring University 2022 Economics Objective / Multiple Choice

Question 25 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ECONOMICS • objective

A country's money supply is ₦1,000 billion, its velocity of money is 2, and its price level is ₦100. What is the country's nominal GDP?

Answer Options

Correct Answer A. ₦2,000 billion

B. ₦3,000 billion

C. ₦4,000 billion

D. ₦5,000 billion

Correct Answer

Correct Option:

₦2,000 billion

About This Question

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

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