Post Utme Unilag 2018 Economics Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Unilag Economics examination.

Post Utme Unilag 2018 Economics Objective / Multiple Choice
Question 5 POST_UTME_UNILAG • 2018 • ECONOMICS • objective

A government's budget constraint is given by the equation \( B = T + I \), 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 its interest payment is ₦200 billion, find the government's budget.

Answer Options

Correct Answer A. ₦700 billion
B. ₦800 billion
C. ₦900 billion
D. ₦1000 billion
Correct Answer
A
Correct Option:
₦700 billion

About This Question

This is Post Utme Unilag 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Unilag Economics examination.

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