Post Utme Lautech 2020 Economics Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Lautech Economics examination.

Post Utme Lautech 2020 Economics Objective / Multiple Choice
Question 34 POST_UTME_LAUTECH • 2020 • ECONOMICS • objective

A government's budget is said to be balanced if its total revenue equals its total exp\enditure. What is the formula for calculating a government's budget balance?

Answer Options

Correct Answer A. Budget Balance = Total Revenue - Total Exp\enditure
B. Budget Balance = Total Exp\enditure - Total Revenue
C. Budget Balance = Total Revenue + Total Exp\enditure
D. Budget Balance = Total Exp\enditure + Total Revenue
Correct Answer
A
Correct Option:
Budget Balance = Total Revenue - Total Exp\enditure

About This Question

This is Post Utme Lautech 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.

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