Post Utme Unilag 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A government budget is given by the equation \( B = T + G \), where B is the budget deficit, T is the tax revenue, and G is the government exp\enditure. If the tax revenue is ₦50 billion and the government exp\enditure is ₦60 billion, what is the budget deficit?

Answer Options

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

About This Question

This is Post Utme Unilag 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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