Post Utme Futa 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A government in Nigeria is considering a tax reform that will increase the tax rate on corporate profits from 20% to 30%. If the government expects the tax base to remain cons\tant, what will be the effect on the government's revenue?

Answer Options

Correct Answer A. Revenue will increase by 10%
B. Revenue will decrease by 10%
C. Revenue will remain cons\tant
D. Revenue will increase by 20%
Correct Answer
A
Correct Option:
Revenue will increase by 10%

About This Question

This is Post Utme Futa 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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