Post Utme Madonna University 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A country's budget constraint is given by B = T + I, where B is the budget, T is the tax revenue, and I is the interest payment. If the country's tax revenue is ₦100 billion and the interest payment is ₦50 billion, what is the country's budget?

Answer Options

Correct Answer A. ₦150 billion
B. ₦200 billion
C. ₦250 billion
D. ₦300 billion
Correct Answer
A
Correct Option:
₦150 billion

About This Question

This is Post Utme Madonna University 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Madonna 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