Post Utme Madonna University 2018 Economics Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2018 Economics Objective / Multiple Choice
Question 10 POST_UTME_MADONNA_UNIVERSITY • 2018 • ECONOMICS • objective

A country's government budget is given by the equation B = T + I + G, where B is the budget, T is taxation, I is interest, and G is government sp\ending. If the country's budget is ₦100 trillion, and the values of T, I, and G are ₦50 trillion, ₦20 trillion, and ₦30 trillion respectively, what is the value of the country's interest?

Answer Options

A. ₦10 trillion
B. ₦15 trillion
Correct Answer C. ₦20 trillion
D. ₦25 trillion
Correct Answer
C
Correct Option:
₦20 trillion

About This Question

This is Post Utme Madonna University 2018 Economics Question 10. It is one of the objective questions from the 2018 Post Utme Madonna University Economics examination.

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