Post Utme Futo 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Futo Economics examination.

Post Utme Futo 2019 Economics Objective / Multiple Choice
Question 10 POST_UTME_FUTO • 2019 • ECONOMICS • objective

A government wants to reduce the budget deficit by increa\sing taxes. If the government increases the tax rate by 10%, what is the new tax revenue?

Answer Options

A. ₦100 million
Correct Answer B. ₦110 million
C. ₦120 million
D. ₦130 million
Correct Answer
B
Correct Option:
₦110 million

About This Question

This is Post Utme Futo 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Futo Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support