Post Utme Bsu 2020 Economics Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice
Question 34 POST_UTME_BSU • 2020 • ECONOMICS • objective

A country's GNP at market price is ₦120 billion. The government imposes a 15% tax on all foreign earnings. What is the GNP at factor \cost?

Answer Options

A. ₦103.2 billion
B. ₦105 billion
Correct Answer C. ₦107.5 billion
D. ₦110 billion
Correct Answer
C
Correct Option:
₦107.5 billion

About This Question

This is Post Utme Bsu 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support