Post Utme Osustech 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Osustech Economics examination.

Post Utme Osustech 2022 Economics Objective / Multiple Choice
Question 18 POST_UTME_OSUSTECH • 2022 • ECONOMICS • objective

A country's budget is given by B = 1000 + 0.5Y, where B is the budget and Y is the national income. If the national income increases by 10%, what is the new budget?

Answer Options

A. 1100
Correct Answer B. 1200
C. 1300
D. 1400
Correct Answer
B
Correct Option:
1200

About This Question

This is Post Utme Osustech 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Osustech Economics examination.

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