Economics MCQ Economics Chapter 9 In 2030 Nigeria had a GDP of $700 billion and depreciation of $100 billion. The price level did not rise in 2031, but its GDP rose to $710 billion and its depreciation rose to $180 billion. Most economists would say that _____.

In 2030 Nigeria had a GDP of $700 billion and depreciation of $100 billion. The price level did not rise in 2031, but its GDP rose to $710 billion and its depreciation rose to $180 billion. Most economists would say that _____.

Naim 00:07 Economics Chapter 9

In 2030 Nigeria had a GDP of $700 billion and depreciation of $100 billion. The price level did not rise in 2031, but its GDP rose to $710 billion and its depreciation rose to $180 billion. Most economists would say that _____.

a. the Nigerian economy did better in 2030
b. the Nigerian economy did better in 2031
c. there is no way of determining which year was better

Answer: A

Economics MCQ

In 2030 Nigeria had a GDP of $700 billion and depreciation of $100 billion. The price level did not rise in 2031, but its GDP rose to $710 billion and its depreciation rose to $180 billion. Most economists would say that _____.

In 2030 Nigeria had a GDP of $700 billion and depreciation of $100 billion. The price level did not rise in 2031, but its GDP rose to $710 billion and its depreciation rose to $180 billion. Most economists would say that _____.

Learn More :

Share this