Post Utme Abu 2024 Economics Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Abu Economics examination.

Post Utme Abu 2024 Economics Objective / Multiple Choice
Question 5 POST_UTME_ABU • 2024 • ECONOMICS • objective

A government wants to increase revenue by increa\sing taxes. If the initial tax rate is 10% and the government increases it by 5%, what is the new tax rate?

Answer Options

A. 15%
Correct Answer B. 12.5%
C. 10%
D. 7.5%
Correct Answer
B
Correct Option:
12.5%

About This Question

This is Post Utme Abu 2024 Economics Question 5. It is one of the objective questions from the 2024 Post Utme Abu Economics examination.

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