Post Utme Uniport 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Uniport Economics examination.

Post Utme Uniport 2017 Economics Objective / Multiple Choice
Question 24 POST_UTME_UNIPORT • 2017 • ECONOMICS • objective

A government is considering a tax reform to reduce the tax rate from 20% to 15%. If the government's revenue from taxes is ₦50 billion, find the new tax revenue u\sing the tax formula: tax revenue = tax rate x tax base.

Answer Options

Correct Answer A. ₦45 billion
B. ₦50 billion
C. ₦55 billion
D. ₦60 billion
Correct Answer
A
Correct Option:
₦45 billion

About This Question

This is Post Utme Uniport 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Uniport Economics examination.

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