Post Utme Rhema University 2022 Economics Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2022 Economics Objective / Multiple Choice
Question 40 POST_UTME_RHEMA_UNIVERSITY • 2022 • ECONOMICS • objective

The government of Nigeria plans to increase the tax rate on industrial products from 10% to 15%. If the current tax revenue from industry is ₦1.5 billion, what will be the new tax revenue?

Answer Options

A. ₦1.8 billion
Correct Answer B. ₦2.1 billion
C. ₦2.4 billion
D. ₦2.7 billion
Correct Answer
B
Correct Option:
₦2.1 billion

About This Question

This is Post Utme Rhema University 2022 Economics Question 40. It is one of the objective questions from the 2022 Post Utme Rhema University Economics examination.

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