Waec Model Questions Vol1 2021 Government Question 26
Practice objective / multiple choice question 26 from the 2021 Waec Model Questions Vol1 Government examination.
A local government council's annual revenue comes from three sources: property rates, market levy, and a federal allocation. Property rates constitute 40 % of the total revenue, market levy 25 %, and the federal allocation the remaining amount. The council decides to increase the property rates by 8 % (of the amount originally received from property rates) and at the same time increase the market levy by 4 % (of the amount originally received from the market levy). To keep the total annual revenue unchanged, by what percentage must the federal allocation be adjusted? State whether it is an increase or a decrease.
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About This Question
This is Waec Model Questions Vol1 2021 Government Question 26. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Government examination.
Difficulty level: Hard .
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