Post Utme Wellspring University 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ECONOMICS • objective

The government of a country is considering a policy to reduce the budget deficit. The current budget deficit is ₦100 billion, and the government wants to reduce it by 20% in the next year. If the interest rate is 10%, what is the present value of the future budget deficit?

Answer Options

Correct Answer A. ₦80 billion
B. ₦90 billion
C. ₦100 billion
D. ₦110 billion
Correct Answer
A
Correct Option:
₦80 billion

About This Question

This is Post Utme Wellspring University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Wellspring University Economics examination.

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