Post Utme Greenfield University 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 30 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective

A country's budget can be classified into three main categories: revenue, exp\enditure, and deficit. What is the difference between revenue and exp\enditure?

Answer Options

Correct Answer A. Revenue is the amount of money the government receives, while exp\enditure is the amount of money the government sp\ends
B. Revenue is the amount of money the government sp\ends, while exp\enditure is the amount of money the government receives
C. Revenue is the difference between exp\enditure and deficit
D. Exp\enditure is the difference between revenue and deficit
Correct Answer
A
Correct Option:
Revenue is the amount of money the government receives, while exp\enditure is the amount of money the government sp\ends

About This Question

This is Post Utme Greenfield University 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

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