Post Utme Lead City University 2025 Economics Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 4 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

A government's tax revenue is given by T = 0.2Y, where T is tax revenue and Y is GDP. If GDP increases by 10%, what is the new tax revenue?

Answer Options

A. ₦20 billion
Correct Answer B. ₦22 billion
C. ₦24 billion
D. ₦26 billion
Correct Answer
B
Correct Option:
₦22 billion

About This Question

This is Post Utme Lead City University 2025 Economics Question 4. It is one of the objective questions from the 2025 Post Utme Lead City University 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