Post Utme Bells University 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Bells University Economics examination.

Post Utme Bells University 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_BELLS_UNIVERSITY • 2023 • ECONOMICS • objective

A government's budget is given by the following equation: Budget = Taxation + Borrowing, where Taxation is the amount of taxes collected and Borrowing is the amount of money borrowed. If the amount of taxes collected is $50 million and the amount of money borrowed is $20 million, what is the government's budget?

Answer Options

A. $30 million
B. $40 million
Correct Answer C. $50 million
D. $60 million
Correct Answer
C
Correct Option:
$50 million

About This Question

This is Post Utme Bells University 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Bells University Economics examination.

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