Post Utme Esut 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Esut Economics examination.

Post Utme Esut 2021 Economics Objective / Multiple Choice
Question 10 POST_UTME_ESUT • 2021 • ECONOMICS • objective

A country's budget is given by the following equation: Budget = Taxation + Borrowing - Exp\enditure. If the country's taxation is $100 billion, borrowing is $80 billion, and exp\enditure is $120 billion, what is the budget deficit?

Answer Options

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

About This Question

This is Post Utme Esut 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Esut Economics examination.

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