Post Utme Uniport 2018 Economics Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Uniport Economics examination.

Post Utme Uniport 2018 Economics Objective / Multiple Choice

Question 28 POST_UTME_UNIPORT • 2018 • ECONOMICS • objective

A country's GDP at market price is ₦100 billion. The government imposes a 10% value-added tax (VAT) on all goods and services. What is the GDP at factor \cost?

Answer Options

A. ₦90 billion

Correct Answer B. ₦95 billion

C. ₦100 billion

D. ₦105 billion

Correct Answer

Correct Option:

₦95 billion

About This Question

This is Post Utme Uniport 2018 Economics Question 28. It is one of the objective questions from the 2018 Post Utme Uniport Economics examination.

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