Post Utme Uniport 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Uniport Economics examination.

Post Utme Uniport 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNIPORT • 2024 • ECONOMICS • objective

A government's budget constraint is given by B = T + I, where B is the budget, T is the tax revenue, and I is the interest payment. If the tax revenue is $10 billion and the interest payment is $5 billion, what is the government's budget?

Answer Options

A. $15 billion
Correct Answer B. $20 billion
C. $25 billion
D. $30 billion
Correct Answer
B
Correct Option:
$20 billion

About This Question

This is Post Utme Uniport 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.

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