Post Utme Wellspring University 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2017 Economics Objective / Multiple Choice

Question 13 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ECONOMICS • objective

A country's GDP is ₦100 billion. The government imposes a 10% tax on all goods and services. What will be the effect on the country's GDP?

Answer Options

Correct Answer A. GDP will decrease by ₦10 billion

B. GDP will increase by ₦10 billion

C. GDP will remain cons\tant

D. GDP will increase by ₦1 billion

Correct Answer

Correct Option:

GDP will decrease by ₦10 billion

About This Question

This is Post Utme Wellspring University 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Wellspring University Economics examination.

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