Post Utme Ui 2018 Economics Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice
Question 13 POST_UTME_UI • 2018 • ECONOMICS • objective

The government of Nigeria is considering a tax reform to increase revenue. If the government imposes a tax rate of 20% on all goods and services, and the average price of goods and services is ₦100, what is the expected increase in revenue?

Answer Options

A. ₦10 million
Correct Answer B. ₦20 million
C. ₦30 million
D. ₦40 million
Correct Answer
B
Correct Option:
₦20 million

About This Question

This is Post Utme Ui 2018 Economics Question 13. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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