Post Utme Bowen University 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_BOWEN_UNIVERSITY • 2019 • ECONOMICS • objective

Suppose a country's GDP at market price is $100 billion, and its GDP at factor \cost is $90 billion. What is the net indirect tax (NIT) as a percentage of GDP?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Bowen University 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.

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