Gce Model Questions Vol1 2019 Government Question 11
Practice objective / multiple choice question 11 from the 2019 Gce Model Questions Vol1 Government examination.
A local council's annual revenue is composed of property tax, a central government grant and other sources. The property tax is 0.5 % of the assessed property value, where the assessed value equals 1.2 times the population (in persons) multiplied by ₦10 000. The grant consists of a fixed ₦20 000 000 plus 0.2 % of the total national GDP for the council's population; the national GDP per‑capita is ₦500 000. The council's total revenue is ₦150 000 000 and its population is 80 000. After paying a fixed administrative cost of ₦5 000 000, 12 % of the remaining revenue is allocated to waste‑management. How much money (in Naira) is allocated to waste‑management?
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About This Question
This is Gce Model Questions Vol1 2019 Government Question 11. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Government examination.
Difficulty level: Hard .
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