Post Utme Uniben 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 32 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

A country's budget is given by the equation: B = T + I + G, where B is the budget, T is taxes, I is investment, and G is government sp\ending. If the country's budget is 100 billion naira, taxes are 30 billion naira, investment is 20 billion naira, and government sp\ending is 50 billion naira, what is the value of the budget deficit?

Answer Options

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

About This Question

This is Post Utme Uniben 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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