Post Utme Lautech 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_LAUTECH • 2024 • ECONOMICS • objective

A government's budget is a comprehensive plan for public sp\ending and taxation. If the government's total exp\enditure is ₦500 billion and its total revenue is ₦450 billion, what is the budget deficit?

Answer Options

A. ₦50 billion
B. ₦75 billion
Correct Answer C. ₦100 billion
D. ₦125 billion
Correct Answer
C
Correct Option:
₦100 billion

About This Question

This is Post Utme Lautech 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Lautech 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