Post Utme Lautech 2024 Economics Question 25
Practice objective / multiple choice question 25 from the 2024 Post Utme Lautech Economics examination.
A country's tax revenue is given by the equation TR = T * \( Y - C \), where TR is the tax revenue, T is the tax rate, Y is the national income, and C is consumption. If the country's tax revenue is $50 billion, tax rate is 0.2, national income is $100 billion, and consumption is $50 billion, find the value of T.
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This is Post Utme Lautech 2024 Economics Question 25. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.
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