Post Utme Afe Babalola University 2018 Economics Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 3 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A government budget is given by the equation B = T + I + G, where B is the budget, T is the tax revenue, I is the interest payment, and G is the government exp\enditure. If the tax revenue is ₦100 billion, the interest payment is ₦20 billion, and the government exp\enditure is ₦150 billion, what is the budget?

Answer Options

Correct Answer A. ₦270 billion
B. ₦280 billion
C. ₦290 billion
D. ₦300 billion
Correct Answer
A
Correct Option:
₦270 billion

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support