Post Utme Covenant University 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2017 Economics Objective / Multiple Choice
Question 5 POST_UTME_COVENANT_UNIVERSITY • 2017 • ECONOMICS • objective

A country's government budget is given by the following equation: G = T + I, where G is government exp\enditure, T is taxation, and I is investment. If taxation increases by 20% and investment decreases by 15%, what is the percentage change in government exp\enditure?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Covenant University 2017 Economics Question 5. It is one of the objective questions from the 2017 Post Utme Covenant University Economics examination.

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