Post Utme Mountain Top University 2021 Economics Question 38
Practice objective / multiple choice question 38 from the 2021 Post Utme Mountain Top University Economics examination.
A government's budget is given by the following equation: B = T + I + G, where B is the budget deficit, T is the tax revenue, I is the interest payment, and G is the government exp\enditure. If the government's tax revenue (T) is $100, interest payment (I) is $20, and government exp\enditure (G) is $120, what is the government's budget deficit (B) in terms of $?
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About This Question
This is Post Utme Mountain Top University 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Mountain Top University Economics examination.
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