Post Utme Unilorin 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_UNILORIN • 2021 • ECONOMICS • objective

A government's budget constraint is given by the following equation: G = T + I + \( B - S \). If the government's current exp\enditure is $500 billion, its current revenue is $400 billion, its interest payments are $100 billion, and its budget deficit is $50 billion, what is the government's current budget balance?

Answer Options

Correct Answer A. 50
B. -50
C. 100
D. -100
Correct Answer
A
Correct Option:
50

About This Question

This is Post Utme Unilorin 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Unilorin 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