Post Utme Rhema University 2023 Economics Question 41

Practice objective / multiple choice question 41 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 41 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP at market price is ₦10 trillion. The government imposes a 10% Value Added Tax (VAT) on all goods and services. Calculate the country's GDP at factor \cost.

Answer Options

Correct Answer A. ₦9 trillion
B. ₦9.5 trillion
C. ₦10 trillion
D. ₦10.5 trillion
Correct Answer
A
Correct Option:
₦9 trillion

About This Question

This is Post Utme Rhema University 2023 Economics Question 41. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support