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Economics Past Questions and Answers

Economics Questions

Question 2831:
Which of the following is part of the capital account of the balance of payments?
  • A Net investment from abroad
  • B Import of machinery
  • C Insurance
  • D Transportation cost
View Answer & Explanation
Question 2832:
The most common index for measuring developments is
  • A The level of illiteracy
  • B The per capita income
  • C Nutritional level
  • D Population growth rate
View Answer & Explanation
Question 2833:
Government of West African countries levy taxes to
  • A Prevent prices from falling
  • B Make people richer
  • C Limit the number of banks
  • D Finance government projects
View Answer & Explanation
Question 2834:
Which of the following is a direct tax?
  • A Import duties
  • B Purchase tax
  • C Export duties
  • D Personal income tax
View Answer & Explanation
Question 2835:
The tax whose rate increase as the level of income increases is known as
  • A Regressive tax
  • B Proportional tax
  • C Progressive tax
  • D Company tax
View Answer & Explanation