Post Utme Rhema University 2023 Economics Question 45

Practice objective / multiple choice question 45 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 45 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A country's GDP at factor \cost is ₦8 trillion. The government imposes a 5% Value Added Tax (VAT) on all goods and services. Calculate the country's GDP at market price.

Answer Options

Correct Answer A. ₦8.4 trillion
B. ₦8.5 trillion
C. ₦8.6 trillion
D. ₦8.7 trillion
Correct Answer
A
Correct Option:
₦8.4 trillion

About This Question

This is Post Utme Rhema University 2023 Economics Question 45. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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