Post Utme Unilag 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Unilag Economics examination.

Post Utme Unilag 2022 Economics Objective / Multiple Choice
Question 18 POST_UTME_UNILAG • 2022 • ECONOMICS • objective

A country's GDP at market price is 100 billion naira. The government imposes a 10% sales tax on all goods and services. Determine the country's GDP at factor \cost.

Answer Options

A. 90 billion naira
Correct Answer B. 95 billion naira
C. 100 billion naira
D. 105 billion naira
Correct Answer
B
Correct Option:
95 billion naira

About This Question

This is Post Utme Unilag 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Unilag Economics examination.

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