Post Utme Futo 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Futo Economics examination.

Post Utme Futo 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_FUTO • 2020 • ECONOMICS • objective

The government of Nigeria has implemented a policy to increase the tax rate by 10%. If the current tax revenue is ₦100 billion, what is the new tax revenue?

Answer Options

Correct Answer A. ₦110 billion
B. ₦105 billion
C. ₦100 billion
D. ₦95 billion
Correct Answer
A
Correct Option:
₦110 billion

About This Question

This is Post Utme Futo 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Futo Economics examination.

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