Post Utme Osustech 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Osustech Economics examination.

Post Utme Osustech 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_OSUSTECH • 2019 • ECONOMICS • objective

A government wants to reduce the budget deficit by increa\sing taxes. If the tax rate is increased from 20% to 25%, and the tax base remains cons\tant, what is the percentage change in tax revenue?

Answer Options

A. -10%
Correct Answer B. -5%
C. 0%
D. 5%
Correct Answer
B
Correct Option:
-5%

About This Question

This is Post Utme Osustech 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.

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