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Economics Past Questions and Answers

Economics Questions

Question 286:
JAMB 2015
The situation whereby the government of a country spends more than its budgets for a given financial year is known as
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  • A Surplus budget
  • B Deficit budget
  • C Balanced budget
  • D Minus budget
View Answer & Explanation
Question 287:
JAMB 2015
The total stock of money available for use in an economy is
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  • A Supply of money
  • B Value of money
  • C Demand for money
  • D Attribute of money
View Answer & Explanation
Question 288:
JAMB 2015
What does the accelerator principles state?
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  • A Consumption is a function of the rate of change of income
  • B Income is a function of the rate of change of investment
  • C Investment is a function of the rate of change of income
  • D Investment is a function of the rate of interest
View Answer & Explanation
Question 289:
JAMB 2015
The curve labeled III illustrate a system of taxation
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  • A Regressive tax
  • B Progressive tax
  • C Value added tax
  • D Proportional tax
View Answer & Explanation
Question 290:
JAMB 2015
What would be likely to increase inflation in any economy?
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  • A Increase in demand
  • B Reduce public spending
  • C Control excessive import
  • D Increase in direct tax
View Answer & Explanation

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