Post Utme Rhema University 2022 Economics Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2022 Economics Objective / Multiple Choice
Question 20 POST_UTME_RHEMA_UNIVERSITY • 2022 • ECONOMICS • objective

A country's tax revenue is given by the equation: TR = T × Y, where T is the tax rate and Y is the national income. If the tax rate is 20% and the national income is ₦10 trillion, calculate the country's tax revenue.

Answer Options

A. ₦2 trillion
Correct Answer B. ₦2.5 trillion
C. ₦3 trillion
D. ₦3.5 trillion
Correct Answer
B
Correct Option:
₦2.5 trillion

About This Question

This is Post Utme Rhema University 2022 Economics Question 20. It is one of the objective questions from the 2022 Post Utme Rhema University Economics examination.

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