Post Utme Unilorin 2017 Economics Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2017 Economics Objective / Multiple Choice
Question 3 POST_UTME_UNILORIN • 2017 • ECONOMICS • objective

A government budget 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 tax revenue is ₦500 million and the interest payment is ₦200 million, what is the government's budget?

Answer Options

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

About This Question

This is Post Utme Unilorin 2017 Economics Question 3. It is one of the objective questions from the 2017 Post Utme Unilorin Economics examination.

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