Post Utme Crawford University 2017 Economics Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2017 Economics Objective / Multiple Choice
Question 20 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ECONOMICS • objective

A government's budget is given by R + T = G + I, where R is revenue, T is taxation, G is government exp\enditure, and I is investment. If the government's revenue is $50 billion, taxation is $20 billion, government exp\enditure is $30 billion, and investment is $10 billion, what is the government's budget deficit?

Answer Options

A. $10 billion
B. $20 billion
Correct Answer C. $30 billion
D. $40 billion
Correct Answer
C
Correct Option:
$30 billion

About This Question

This is Post Utme Crawford University 2017 Economics Question 20. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.

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