Post Utme Greenfield University 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

A government in Nigeria imposes a tax on sugar of 10% ad valorem. If the price of sugar is $1 per ki\logram, what is the tax revenue collected from selling 1000 ki\lograms of sugar?

Answer Options

Correct Answer A. $100
B. $200
C. $300
D. $400
Correct Answer
A
Correct Option:
$100

About This Question

This is Post Utme Greenfield University 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

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