Post Utme Redeemers University 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2025 Economics Objective / Multiple Choice
Question 19 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ECONOMICS • objective

A government's budget constraint is given by the equation: G = T + I, where G is government sp\ending, T is taxation, and I is investment. If the government's sp\ending is $100 million, its taxation is $80 million, and its investment is $20 million, what is the government's budget deficit?

Answer Options

Correct Answer A. $20 million deficit
B. $20 million surplus
C. $40 million deficit
D. $40 million surplus
Correct Answer
A
Correct Option:
$20 million deficit

About This Question

This is Post Utme Redeemers University 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Redeemers University Economics examination.

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