Post Utme Unilag 2020 Economics Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Unilag Economics examination.

Post Utme Unilag 2020 Economics Objective / Multiple Choice
Question 28 POST_UTME_UNILAG • 2020 • ECONOMICS • objective

A government's budget constraint is given by 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 and the interest payment is ₦200, what is the government's budget?

Answer Options

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

About This Question

This is Post Utme Unilag 2020 Economics Question 28. It is one of the objective questions from the 2020 Post Utme Unilag Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support