A country's budget allocation to various sect...
A country's budget allocation to various sectors of the economy is shown in the pie chart .
If the budget of the country was $7,200.00, how much is allocated to education?
$2,400.00
$2,000.00
$1,200.00
$1,000.00
Correct answer is A
To calculate the budget on education, let x represent the budget on education
Total budget = $7,200
Expenditure on education = x/$7200 × 3600 = 1200
3600x = 1200 × $7200
x = 1200 × $7200/3600
x = $2,400
Therefore, the budget allocated to education is $2,400
To protect farmers during a bumper harvest, the government usually ...
The sign of the slope of a graph in economic analysis is important because it ...
Which of the following is an indirect tax? ...
Opportunity cost helps the government to ...
The greatest foreign exchange earner for Nigeria before the advent of petroleum was ...
The best way to reduce the supply of money in the economy is to ...
Determine the marginal revenue if the total revenue is 80.00 ...
All the following are specific examples of indirect tax except ...