Post Utme Rhema University 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GDP is $100 billion. The government imposes a 10% tax on all goods and services. What is the new GDP?

Answer Options

A. $90 billion
B. $100 billion
Correct Answer C. $110 billion
D. $120 billion
Correct Answer
C
Correct Option:
$110 billion

About This Question

This is Post Utme Rhema University 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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