Post Utme Joseph Ayo Babalola University 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A government's fiscal policy is given by the equation B = T + I, where B is the budget, T is tax revenue, and I is government sp\ending. If the government's tax revenue is ₦500 and its sp\ending is ₦1000, what is the government's budget?

Answer Options

A. ₦1500
Correct Answer B. ₦2000
C. ₦2500
D. ₦3000
Correct Answer
B
Correct Option:
₦2000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

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