Post Utme Lautech 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 21 POST_UTME_LAUTECH • 2024 • ECONOMICS • objective

A country's budget is given by the equation B = T + I + G, where B is the budget, T is taxation, I is interest, and G is government sp\ending. If the country's budget is $100 billion, taxation is $50 billion, interest is $20 billion, and government sp\ending is $30 billion, find the value of I.

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 Lautech 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.

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