Post Utme Bsu 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Bsu Economics examination.

Post Utme Bsu 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_BSU • 2024 • ECONOMICS • objective

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

Answer Options

A. ₦1,100,000
Correct Answer B. ₦1,150,000
C. ₦1,200,000
D. ₦1,250,000
Correct Answer
B
Correct Option:
₦1,150,000

About This Question

This is Post Utme Bsu 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Bsu Economics examination.

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