Post Utme Igbinedion University 2019 Economics Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice
Question 16 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy to increase revenue. The policy includes a 10% tax on all goods and services. If the government's current revenue is ₦100 billion, what will be the new revenue after the tax policy is implemented?

Answer Options

A. ₦110 billion
B. ₦120 billion
C. ₦130 billion
Correct Answer D. ₦140 billion
Correct Answer
D
Correct Option:
₦140 billion

About This Question

This is Post Utme Igbinedion University 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

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