Post Utme Igbinedion University 2020 Economics Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2020 Economics Objective / Multiple Choice
Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy to increase revenue. Which of the following taxes is likely to have the highest elasticity of tax base?

Answer Options

Correct Answer A. Value Added Tax (VAT)
B. Pay As You Earn (PAYE)
C. Company Income Tax
D. Customs Duty
Correct Answer
A
Correct Option:
Value Added Tax (VAT)

About This Question

This is Post Utme Igbinedion University 2020 Economics Question 13. It is one of the objective questions from the 2020 Post Utme Igbinedion University Economics examination.

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