Post Utme Bells University 2023 Economics Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Bells University Economics examination.

Post Utme Bells University 2023 Economics Objective / Multiple Choice
Question 3 POST_UTME_BELLS_UNIVERSITY • 2023 • ECONOMICS • objective

A country's government is considering a tax on imports. The tax rate is 10% of the import value. If the country imports goods worth $100 million, what is the expected revenue from the tax?

Answer Options

Correct Answer A. ₦10 million
B. ₦100 million
C. ₦1 billion
D. ₦10 billion
Correct Answer
A
Correct Option:
₦10 million

About This Question

This is Post Utme Bells University 2023 Economics Question 3. It is one of the objective questions from the 2023 Post Utme Bells University Economics examination.

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