Post Utme Joseph Ayo Babalola University 2022 Economics Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2022 Economics Objective / Multiple Choice
Question 37 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's GDP is 100 billion naira. The government decides to implement a 10% tax on all goods and services. What is the new GDP after the tax is implemented?

Answer Options

A. ₦90 billion
Correct Answer B. ₦110 billion
C. ₦120 billion
D. ₦130 billion
Correct Answer
B
Correct Option:
₦110 billion

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

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