Post Utme Crawford University 2024 Economics Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2024 Economics Objective / Multiple Choice

Question 25 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ECONOMICS • objective

A country has a tax rate of 20% and a government exp\enditure of ₦500 billion. What is the budget balance?

Answer Options

A. ₦100 billion surplus

Correct Answer B. ₦100 billion deficit

C. ₦500 billion surplus

D. ₦500 billion deficit

Correct Answer

Correct Option:

₦100 billion deficit

About This Question

This is Post Utme Crawford University 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.

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