Post Utme Christopher University 2024 Economics Question 21
Practice objective / multiple choice question 21 from the 2024 Post Utme Christopher University Economics examination.
The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue. The policy includes a 10% tax on all goods and services. If the current GDP of Nigeria is ₦120 trillion, and the government expects the tax revenue to be 5% of the GDP, what is the expected tax revenue in billions of naira?
Answer Options
About This Question
This is Post Utme Christopher University 2024 Economics Question 21. It is one of the objective questions from the 2024 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.