Post Utme Caleb University 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2021 Economics Objective / Multiple Choice
Question 25 POST_UTME_CALEB_UNIVERSITY • 2021 • ECONOMICS • objective

A government's budget constraint is given by G = 100 + 0.5T, where G is government exp\enditure and T is tax revenue. If the government wants to sp\end ₦150, find the required tax revenue.

Answer Options

A. ₦50
B. ₦75
C. ₦100
Correct Answer D. ₦125
Correct Answer
D
Correct Option:
₦125

About This Question

This is Post Utme Caleb University 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Caleb University 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