Post Utme Uniben 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Uniben Economics examination.

Post Utme Uniben 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_UNIBEN • 2023 • ECONOMICS • objective

A government is considering implementing a value-added tax (VAT) on all goods and services. If the VAT rate is 10%, what is the revenue generated from a ₦100 billion economy?

Answer Options

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

About This Question

This is Post Utme Uniben 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Uniben Economics examination.

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