Post Utme Coal City University 2022 Economics Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2022 Economics Objective / Multiple Choice
Question 39 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

The Nigerian government has introduced a new tax policy to increase revenue. The policy includes a 10% tax on all goods and services. However, some critics argue that the policy will lead to inflation and reduced economic growth. Which of the following is a potential consequence of this policy?

Answer Options

Correct Answer A. Increased government revenue
B. Reduced inflation
C. Increased economic growth
D. Reduced tax evasion
Correct Answer
A
Correct Option:
Increased government revenue

About This Question

This is Post Utme Coal City University 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Coal City University Economics examination.

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