Post Utme Unn 2019 Economics Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNN • 2019 • ECONOMICS • objective

A government budget is given by the equation B = T + I + G, where B is the budget deficit, T is tax revenue, I is interest payments, and G is government sp\ending. If the government's current tax revenue is ₦100 billion, interest payments are ₦20 billion, and government sp\ending is ₦150 billion, what is the budget deficit?

Answer Options

A. ₦30 billion
B. ₦50 billion
Correct Answer C. ₦70 billion
D. ₦90 billion
Correct Answer
C
Correct Option:
₦70 billion

About This Question

This is Post Utme Unn 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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