Post Utme Afe Babalola University 2019 Economics Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2019 Economics Objective / Multiple Choice
Question 24 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

A country's government is considering a policy to reduce poverty. The government's budget constraint is given by \( B = 100 + 0.5G \), where ( B ) is the budget and ( G ) is the government sp\ending. If the government wants to sp\end ₦500 million on poverty reduction, what is the optimal level of government sp\ending?

Answer Options

A. ₦250 million
B. ₦300 million
Correct Answer C. ₦350 million
D. ₦400 million
Correct Answer
C
Correct Option:
₦350 million

About This Question

This is Post Utme Afe Babalola University 2019 Economics Question 24. It is one of the objective questions from the 2019 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