Post Utme Abu 2022 Economics Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Abu Economics examination.

Post Utme Abu 2022 Economics Objective / Multiple Choice
Question 35 POST_UTME_ABU • 2022 • ECONOMICS • objective

A country's tax revenue is given by the equation T = tY, where T is the tax revenue, t is the tax rate, and Y is the income. If the tax rate is 10% and the income is ₦1000, what is the tax revenue?

Answer Options

A. ₦100
B. ₦200
Correct Answer C. ₦300
D. ₦400
Correct Answer
C
Correct Option:
₦300

About This Question

This is Post Utme Abu 2022 Economics Question 35. It is one of the objective questions from the 2022 Post Utme Abu Economics examination.

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