Post Utme Wellspring University 2023 Economics Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2023 Economics Objective / Multiple Choice
Question 16 POST_UTME_WELLSPRING_UNIVERSITY • 2023 • ECONOMICS • objective

The government of a country imposes a tax on imports to raise revenue. The tax is levied at a rate of 10% on the value of the imported goods. If the value of the imported goods is ₦100,000, what is the amount of tax paid by the importer?

Answer Options

Correct Answer A. ₦10,000
B. ₦5,000
C. ₦15,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Wellspring University 2023 Economics Question 16. It is one of the objective questions from the 2023 Post Utme Wellspring University Economics examination.

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