Post Utme Rhema University 2023 Economics Question 43

Practice objective / multiple choice question 43 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 43 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GNP at market price is ₦12 trillion. The government imposes a 15% Value Added Tax (VAT) on all goods and services. Calculate the country's GNP at factor \cost.

Answer Options

Correct Answer A. ₦10.5 trillion
B. ₦11 trillion
C. ₦11.5 trillion
D. ₦12 trillion
Correct Answer
A
Correct Option:
₦10.5 trillion

About This Question

This is Post Utme Rhema University 2023 Economics Question 43. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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