Post Utme Bells University 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Bells University Economics examination.

Post Utme Bells University 2020 Economics Objective / Multiple Choice
Question 4 POST_UTME_BELLS_UNIVERSITY • 2020 • ECONOMICS • objective

A country's government is considering implementing a value-added tax (VAT) to increase revenue. If the VAT rate is 10% and the average price of a good is ₦100, what is the amount of VAT paid by consumers?

Answer Options

A. ₦10
Correct Answer B. ₦20
C. ₦50
D. ₦100
Correct Answer
B
Correct Option:
₦20

About This Question

This is Post Utme Bells University 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Bells University Economics examination.

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