Post Utme Delsu 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Delsu Economics examination.

Post Utme Delsu 2017 Economics Objective / Multiple Choice
Question 24 POST_UTME_DELSU • 2017 • ECONOMICS • objective

A country's tax revenue is given by the following equation: TR = \( T - C \) + \( I - F \), where T is tax rate, C is consumption, I is investment and F is foreign aid. If the country's tax rate is 20%, consumption is $100 billion, investment is $50 billion and foreign aid is $20 billion, what is the tax revenue?

Answer Options

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

About This Question

This is Post Utme Delsu 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Delsu Economics examination.

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