Post Utme Eksu 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Eksu Economics examination.

Post Utme Eksu 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2022 • ECONOMICS • objective

A government budget is given by the equation B = T + I, where B is the budget, T is the tax revenue, and I is the government exp\enditure. If the tax revenue is ₦500 billion and the government exp\enditure is ₦700 billion, what is the budget deficit?

Answer Options

A. ₦200 billion
Correct Answer B. ₦300 billion
C. ₦400 billion
D. ₦500 billion
Correct Answer
B
Correct Option:
₦300 billion

About This Question

This is Post Utme Eksu 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Eksu Economics examination.

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