Post Utme Joseph Ayo Babalola University 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2025 Economics Objective / Multiple Choice
Question 17 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

A country's GDP at market price is ₦1,500 billion, while its GDP at factor \cost is ₦1,400 billion. What is the value of the indirect taxes (IT) in the country?

Answer Options

Correct Answer A. ₦100 billion
B. ₦50 billion
C. ₦75 billion
D. ₦25 billion
Correct Answer
A
Correct Option:
₦100 billion

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support