Post Utme Christopher University 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 7 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue from the agricultural sector. The policy involves a 10% tax on all agricultural produce sold in the country. If the total value of agricultural produce sold in the country is ₦100 billion, what is the total tax revenue generated from this policy?

Answer Options

Correct Answer A. ₦10,000,000,000
B. ₦20,000,000,000
C. ₦30,000,000,000
D. ₦40,000,000,000
Correct Answer
A
Correct Option:
₦10,000,000,000

About This Question

This is Post Utme Christopher University 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Christopher 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