Post Utme Bsu 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Bsu Economics examination.

Post Utme Bsu 2024 Economics Objective / Multiple Choice
Question 13 POST_UTME_BSU • 2024 • ECONOMICS • objective

A country's GDP at market price is ₦1,000,000. If the value added tax (VAT) rate is 10%, calculate the GDP at factor \cost.

Answer Options

Correct Answer A. ₦900,000
B. ₦950,000
C. ₦1,000,000
D. ₦1,050,000
Correct Answer
A
Correct Option:
₦900,000

About This Question

This is Post Utme Bsu 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Bsu Economics examination.

View More Post Utme Bsu 2024 Economics Questions More Post Utme Bsu Practice Questions Back to Questions

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