Post Utme Esut 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Esut Economics examination.

Post Utme Esut 2022 Economics Objective / Multiple Choice
Question 3 POST_UTME_ESUT • 2022 • ECONOMICS • objective

A government is planning to implement a new economic development project that will create 1000 jobs and increase the national income by ₦10 billion. If the opportunity \cost of each job is ₦5 million, what is the total opportunity \cost of the project?

Answer Options

A. ₦5 billion
Correct Answer B. ₦6 billion
C. ₦7 billion
D. ₦8 billion
Correct Answer
B
Correct Option:
₦6 billion

About This Question

This is Post Utme Esut 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.

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