Post Utme Skyline University 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2022 Economics Objective / Multiple Choice
Question 3 POST_UTME_SKYLINE_UNIVERSITY • 2022 • ECONOMICS • objective

A government wants to reduce the budget deficit by increa\sing taxes. If the government currently collects ₦100 billion in taxes and sp\ends ₦150 billion, what is the new tax rate if the government wants to reduce the deficit by 20%?

Answer Options

A. 20%
B. 25%
Correct Answer C. 30%
D. 35%
Correct Answer
C
Correct Option:
30%

About This Question

This is Post Utme Skyline University 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Skyline University Economics examination.

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