Neco 2017 Government Question 44
Practice objective / multiple choice question 44 from the 2017 Neco Government examination.
The federal budget for a fiscal year totals \(\$12\) trillion. Recurrent expenditure accounts for 60 % of the total, while capital expenditure makes up the remaining 40 %. Within recurrent expenditure, personnel costs originally represent 55 % of recurrent spending. A reform reduces personnel costs by 5 % of the total recurrent amount, and the saved funds are transferred to capital expenditure. Capital spending is divided into infrastructure (70 %) and other development projects (30 %). After the reform, how many trillion naira are allocated to infrastructure projects? Express your answer as a decimal to three places.
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About This Question
This is Neco 2017 Government Question 44. It is one of the objective questions from the 2017 Neco Government examination.
Difficulty level: Hard .
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