Post Utme Lead City University 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

A government budget is given by B = T + I, where B is the budget deficit, T is tax revenue, and I is government sp\ending. If tax revenue increases by 10% and government sp\ending remains cons\tant at ₦100 billion, what is the new budget deficit?

Answer Options

A. ₦110 billion
Correct Answer B. ₦120 billion
C. ₦130 billion
D. ₦140 billion
Correct Answer
B
Correct Option:
₦120 billion

About This Question

This is Post Utme Lead City University 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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