Post Utme Joseph Ayo Babalola University 2022 Economics Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2022 Economics Objective / Multiple Choice
Question 34 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's government is considering a tax on imports. The tax rate is 10% of the value of imports. If the country's imports are $100 billion, what is the revenue generated by the tax?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

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