Post Utme Rhema University 2023 Economics Question 47

Practice objective / multiple choice question 47 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 47 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ₦11 trillion
B. ₦11.1 trillion
C. ₦11.2 trillion
D. ₦11.3 trillion
Correct Answer
A
Correct Option:
₦11 trillion

About This Question

This is Post Utme Rhema University 2023 Economics Question 47. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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