Post Utme Rsu 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Rsu Economics examination.

Post Utme Rsu 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_RSU • 2020 • ECONOMICS • objective

A country's government budget is given by the equation B = T + I + G, where B is budget, T is tax revenue, I is interest payments, and G is government sp\ending. If the government increases tax revenue by 10%, and interest payments by 5%, and government sp\ending by 15%, what is the new budget?

Answer Options

A. ₦100 billion
B. ₦110 billion
Correct Answer C. ₦120 billion
D. ₦130 billion
Correct Answer
C
Correct Option:
₦120 billion

About This Question

This is Post Utme Rsu 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Rsu Economics examination.

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