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1826
which of the following is a factor affecting the size of national income?
  • A. size of the active population
  • B. taste of the consumers
  • C. Number of registered trade unions
  • D. Credit-worthiness of the neighbouring countries
  • E. Regularity of payment of national debt
View Answer & Discuss WAEC 1998
1827
The expenditure of a firm on goods and services for the expansion of its productive capacity is known as
  • A. income
  • B. investment
  • C. savings
  • D. profits
  • E. interest
View Answer & Discuss WAEC 1998
1828
An increase in marginal propensity to save will lead to
  • A. an increase in marginal propensity to consume
  • B. a decrease in the level of consumption
  • C. an immediate decrease in the net national income
  • D. an increase in the level of consumption
  • E. a decrease in the level of savings
View Answer & Discuss WAEC 1998
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1829
progressive system of taxation implies that the
  • A. poor pay relatively more
  • B. tax rate falls as the tax base increases
  • C. tax rate increases as the tax base increases
  • D. average and marginal rate of tax will be the same
  • E. rich and the poor pay the same amount as tax
View Answer & Discuss WAEC 1998
1830
development plans in Nigeria have deviated from their targets due to
  • A. lack of manpower
  • B. political instability
  • C. high population growth rate
  • D. brain drain in the country
  • E. inadequate land
View Answer & Discuss WAEC 1998
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts