Post Utme Summit University 2022 Economics Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Summit University Economics examination.

Post Utme Summit University 2022 Economics Objective / Multiple Choice
Question 40 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ECONOMICS • objective

A government's budget constraint is given by B = T + I, where B is the budget, T is the tax revenue, and I is the interest payment. If the government's tax revenue is ₦500 billion and the interest payment is ₦200 billion, what is the government's budget?

Answer Options

Correct Answer A. ₦700 billion
B. ₦800 billion
C. ₦900 billion
D. ₦1 trillion
Correct Answer
A
Correct Option:
₦700 billion

About This Question

This is Post Utme Summit University 2022 Economics Question 40. It is one of the objective questions from the 2022 Post Utme Summit University Economics examination.

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