Post Utme Greenfield University 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2021 Economics Objective / Multiple Choice
Question 6 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • 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 products sold in the market. If the total revenue from the sale of agricultural products is ₦1,500,000, what is the amount of tax collected by the government?

Answer Options

Correct Answer A. ₦150,000
B. ₦1,500,000
C. ₦1,000,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Greenfield University 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Greenfield University Economics examination.

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