Neco Model Questions Vol1 2017 Economics Question 4
Practice objective / multiple choice question 4 from the 2017 Neco Model Questions Vol1 Economics examination.
In a given fiscal year the government's revenue is \(800\) billion Naira, non‑interest expenditure is \(950\) billion Naira and interest payments are \(120\) billion Naira. The nation's GDP is \(4\) trillion Naira and the existing public debt at the start of the year is \(1\,500\) billion Naira. Compute the debt‑to‑GDP ratio after the government borrows to cover its total deficit.
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About This Question
This is Neco Model Questions Vol1 2017 Economics Question 4. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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