Post Utme Lead City University 2023 Economics Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2023 Economics Objective / Multiple Choice
Question 34 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ECONOMICS • objective

The government of Nigeria plans to increase the tax rate on luxury goods by 15% in the next fiscal year. If the current tax rate is 20%, what will be the new tax rate?

Answer Options

Correct Answer A. 22.5%
B. 22.5%
C. 22.5%
D. 22.5%
Correct Answer
A
Correct Option:
22.5%

About This Question

This is Post Utme Lead City University 2023 Economics Question 34. It is one of the objective questions from the 2023 Post Utme Lead City University Economics examination.

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