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1366

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
View Answer & Discuss (1) JAMB 2010
1367

A decrease in aggregate spending in an economy will ultimately lead to

  • A. boom
  • B. inflation
  • C. deflation
  • D. recession
View Answer & Discuss (4) JAMB 2010
1368

If MPC is 0.7 while government expenditure increased by N 150m, the equilibrium national income is

  • A. N 214 million
  • B. N 45 million
  • C. N 105 million
  • D. N 500 million
View Answer & Discuss (11) JAMB 2010
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1369

The function of money which makes division of labour possible is its

  • A. unit of account
  • B. store of value
  • C. medium of exchange
  • D. standard of deferred payment
View Answer & Discuss (2) JAMB 2010
1370

By buying treasury bills, the Central Bank of Nigeria intends to

  • A. increase money supply in the economy
  • B. reduce the cash reserve ratio for banks
  • C. reduce money supply in the economy
  • D. increase the capital base of commercial banks
View Answer & Discuss (8) JAMB 2010
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