Post Utme Crawford University 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

A government's budget constraint is given by the equation: G + T = R + \( ΔM/Δt \). If the government's sp\ending (G) is 100, taxes (T) are 80, revenue (R) is 120, and the rate of change of money supply \( ΔM/Δt \) is 20, what is the government's budget deficit?

Answer Options

Correct Answer A. 20
B. 30
C. 40
D. 50
Correct Answer
A
Correct Option:
20

About This Question

This is Post Utme Crawford University 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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