Post Utme Rsu 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Rsu Economics examination.

Post Utme Rsu 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_RSU • 2024 • ECONOMICS • objective

The government of Nigeria has introduced a new economic development plan aimed at reducing poverty and inequality. The plan involves increa\sing public exp\enditure on education and healthcare by 20% and reducing the tax rate on small bu\sinesses by 10%. If the initial public exp\enditure on education and healthcare was ₦50 billion, and the initial tax rate on small bu\sinesses was 20%, what is the new tax revenue from small bu\sinesses after the plan?

Answer Options

A. ₦40 billion
Correct Answer B. ₦45 billion
C. ₦50 billion
D. ₦55 billion
Correct Answer
B
Correct Option:
₦45 billion

About This Question

This is Post Utme Rsu 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Rsu 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