Post Utme Caleb University 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2025 Economics Objective / Multiple Choice
Question 7 POST_UTME_CALEB_UNIVERSITY • 2025 • ECONOMICS • objective

A country's GDP at market price is ₦1,500 billion, while its GDP at factor \cost is ₦1,400 billion. What is the value of the indirect tax (IT) in the country?

Answer Options

Correct Answer A. ₦100 billion
B. ₦50 billion
C. ₦75 billion
D. ₦25 billion
Correct Answer
A
Correct Option:
₦100 billion

About This Question

This is Post Utme Caleb University 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.

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