Post Utme Bsu 2020 Economics Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice
Question 32 POST_UTME_BSU • 2020 • ECONOMICS • objective

A country's GDP at market price is ₦100 billion. The government imposes a 10% VAT on all goods and services. What is the GDP at factor \cost?

Answer Options

Correct Answer A. ₦90 billion
B. ₦95 billion
C. ₦100 billion
D. ₦105 billion
Correct Answer
A
Correct Option:
₦90 billion

About This Question

This is Post Utme Bsu 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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