Post Utme Al Hikmah University 2023 Economics Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2023 Economics Objective / Multiple Choice
Question 11 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue from the agricultural sector. The policy involves a 10% tax on all agricultural products sold in the country. If the total revenue from agricultural products before the tax was ₦120 billion, what is the new revenue after the tax is imposed?

Answer Options

A. ₦132 billion
B. ₦140 billion
Correct Answer C. ₦148 billion
D. ₦156 billion
Correct Answer
C
Correct Option:
₦148 billion

About This Question

This is Post Utme Al Hikmah University 2023 Economics Question 11. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.

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