Post Utme Ui 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Ui Economics examination.

Post Utme Ui 2020 Economics Objective / Multiple Choice

Question 23 POST_UTME_UI • 2020 • ECONOMICS • objective

A government budget is said to be in surplus when its total revenue exceeds its total exp\enditure. If the government increases its tax rate, what will happen to its budget balance?

Correct Answer A. Increase in budget surplus

B. Decrease in budget deficit

C. No change in budget balance

D. Uncertain effect on budget balance

Correct Answer

Correct Option:

Increase in budget surplus

This is Post Utme Ui 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Ui Economics examination.

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