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In national income accounting, tax is determined by the

Economics
JAMB 2010

In national income accounting, tax is determined by the

  • A. level of income
  • B. level of consumption
  • C. level of investment
  • D. rate of savings
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Correct Answer: Option A
Explanation

National income accounting is a double-entry accounting system used by the government to measure how well a country's economy is performing.

The level of income are the important metrics used to determined tax in national income accounting


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts