A country's budget allocation to various sectors of t...
A country's budget allocation to various sectors of the economy is shown in the pie chart.
What is the ratio of expenditure of health to Agriculture?
2:3
3:4
4:3
5:4
Correct answer is B
Total budget =$7,200
Expenditure on Health = x/$7200 × 3600 = 600
3600x = 600 × $7200
x = 600×$7200/3600
x = $1,200
Therefore, the budget allocated to Health is $1,200
Expenditure on Agriculture =x /$7200 × 3600 = 800
3600x = 800 × $7200
x = 800 × $7200/3600
x=$1,600
Therefore, the budget allocated to Agriculture is $1,600
Ratio of expenditure on Health to Agriculture;
Ratio=1200:1600
=3:4
Which of the following is NOT a function of marketing boards in Nigeria? ...
Poverty simply refers to the low level of_______ ...
A deficit balance of payments is measured by subtracting the debits from the credits in the ...
The logical sequence of basic concepts in economics is ...
GDP differs from GNP because GDP ...
The rate of interest change on loans depends largely on ...
If less of a good is bought as one's income increases, such a good is ...