Waec Model Questions Vol1 2017 Economics Question 34
Practice objective / multiple choice question 34 from the 2017 Waec Model Questions Vol1 Economics examination.
The government's total revenue for the year is ₦2,800 billion and total expenditure is ₦3,150 billion. Interest payments on public debt amount to ₦210 billion. Existing public debt stands at ₦4,500 billion and the country's GDP is ₦5,600 billion. Calculate (a) the primary deficit and (b) the debt‑to‑GDP ratio after one year if the primary deficit is added to the existing debt (ignore interest for the new debt). Express the ratio as a percentage to one decimal place.
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About This Question
This is Waec Model Questions Vol1 2017 Economics Question 34. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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