Post Utme Esut 2023 Economics Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice
Question 31 POST_UTME_ESUT • 2023 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue from the agricultural sector. The policy includes a 10% tax on all agricultural produce sold in the market. If the total revenue from the sale of agricultural produce is ₦1,500,000, what is the amount of tax paid by farmers?

Answer Options

Correct Answer A. ₦150,000
B. ₦1,500,000
C. ₦1,000,000
D. ₦1,250,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Esut 2023 Economics Question 31. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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