Post Utme Covenant University 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_COVENANT_UNIVERSITY • 2018 • ECONOMICS • objective

A country's government budget is given by B = T + I, where B is budget, T is tax revenue, and I is government sp\ending. If the government increases tax revenue by 10% and sp\ending by 20%, what is the new budget?

Answer Options

A. ₦100,000
B. ₦110,000
C. ₦120,000
Correct Answer D. ₦130,000
Correct Answer
D
Correct Option:
₦130,000

About This Question

This is Post Utme Covenant University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Covenant University Economics examination.

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