Post Utme Skyline University 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2019 Economics Objective / Multiple Choice

Question 3 POST_UTME_SKYLINE_UNIVERSITY • 2019 • ECONOMICS • objective

A country's GDP at market price is ₦100 billion. If the government imposes a 10% Value-Added Tax (VAT) on all goods and services, what is the new GDP at market price?

Answer Options

A. ₦110 billion

Correct Answer B. ₦120 billion

C. ₦130 billion

D. ₦140 billion

Correct Answer

Correct Option:

₦120 billion

About This Question

This is Post Utme Skyline University 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Skyline University Economics examination.

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