Post Utme Mountain Top University 2020 Economics Question 10

Practice objective / multiple choice question 10 from the 2020 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2020 Economics Objective / Multiple Choice
Question 10 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ECONOMICS • objective

A government budget constraint is given by G = 0.2Y + 100. If the government's tax revenue is ₦1,000,000 and its exp\enditure is ₦1,500,000, what is the government's budget deficit?

Answer Options

A. ₦500,000
B. ₦750,000
Correct Answer C. ₦1,000,000
D. ₦1,250,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Mountain Top University 2020 Economics Question 10. It is one of the objective questions from the 2020 Post Utme Mountain Top University Economics examination.

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