Post Utme Redeemers University 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ECONOMICS • objective

A government in Nigeria wants to increase tax revenue by 10%. If the current tax rate is 20%, what is the new tax rate?

Answer Options

A. 22%
Correct Answer B. 25%
C. 28%
D. 30%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Redeemers University 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Redeemers University Economics examination.

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