Post Utme Christopher University 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ECONOMICS • objective

A country's GDP at market price is ₦10,000,000,000. The implicit deflator is 120. If the country's GDP at factor \cost is ₦8,000,000,000, what is the net indirect tax?

Answer Options

Correct Answer A. ₦1,000,000,000
B. ₦1,500,000,000
C. ₦2,000,000,000
D. ₦2,500,000,000
Correct Answer
A
Correct Option:
₦1,000,000,000

About This Question

This is Post Utme Christopher University 2024 Economics Question 3. 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.

Unlock Full Access Available for Android & Windows
Chat with Support