Post Utme Covenant University 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_COVENANT_UNIVERSITY • 2024 • ECONOMICS • objective

A government wants to reduce the budget deficit by increa\sing taxes. If the current tax rate is 20% and the government wants to increase it by 5%, what will be the new tax rate?

Answer Options

A. 25%
Correct Answer B. 30%
C. 35%
D. 40%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Covenant University 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Covenant University Economics examination.

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