Post Utme Achievers University 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • ECONOMICS • objective

The government of Nigeria plans to implement a new tax policy to increase revenue. The policy involves a 10% increase in the value-added tax (VAT) rate. If the current VAT rate is 5%, calculate the new VAT rate.

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Achievers University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.

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