Post Utme Crawford University 2021 Economics Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 38 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

The Nigerian government has implemented a value-added tax (VAT) of 10% on all goods and services. The VAT is levied on the value added to the goods and services at each stage of production. What is the VAT on a good that \costs ₦100 to produce and is sold for ₦120?

Answer Options

A. ₦2
Correct Answer B. ₦4
C. ₦6
D. ₦8
Correct Answer
B
Correct Option:
₦4

About This Question

This is Post Utme Crawford University 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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