Post Utme Caleb University 2024 Economics Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2024 Economics Objective / Multiple Choice
Question 36 POST_UTME_CALEB_UNIVERSITY • 2024 • ECONOMICS • objective

A country's government budget constraint is given by B = T + P, where B is the budget, T is the tax revenue, and P is the public exp\enditure. If the government budget is ₦100 billion, tax revenue is ₦50 billion, and public exp\enditure is ₦30 billion, what is the deficit?

Answer Options

A. ₦20 billion
Correct Answer B. ₦30 billion
C. ₦40 billion
D. ₦50 billion
Correct Answer
B
Correct Option:
₦30 billion

About This Question

This is Post Utme Caleb University 2024 Economics Question 36. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.

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