Post Utme Unilag 2022 Economics Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Unilag Economics examination.

Post Utme Unilag 2022 Economics Objective / Multiple Choice
Question 20 POST_UTME_UNILAG • 2022 • ECONOMICS • objective

A country's GNP at market price is 120 billion naira. The government imposes a 5% tax on all imports. Determine the country's GNP at factor \cost.

Answer Options

A. 115 billion naira
B. 116 billion naira
Correct Answer C. 117 billion naira
D. 118 billion naira
Correct Answer
C
Correct Option:
117 billion naira

About This Question

This is Post Utme Unilag 2022 Economics Question 20. It is one of the objective questions from the 2022 Post Utme Unilag Economics examination.

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