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696
Which of the following are the major disadvantage of direct system of taxation?i, Disincentive of hard work
ii,Difficulties in assessment and collection
iii, imperfection in tax assessment.
  • A. i and ii
  • B. i and iii
  • C. ii and iii
  • D. i, ii and iii
View Answer & Discuss (4) JAMB 1993
697
According to the income approach to national income measurement, the national income of a country is equal to?
  • A. the value of all output produced in the country over the relevant period of time at market prices
  • B. the value of output at factors cost
  • C. the value added to production
  • D. C +I + G
View Answer & Discuss (5) JAMB 1993
698
The best index for international comparison of standards of living is the?
  • A. gross national product
  • B. net national income
  • C. per capita income
  • D. gross national income
View Answer & Discuss JAMB 1993
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699
The GDP of Nigeria will be greater than her GNP if?
  • A. the value of goods and services to Nigeria is greater than the value of those from Nigeria
  • B. consumption is greater than investment
  • C. government expenditures are greater than the foreign aid received
  • D. the value of goods and services produced by Nigeria businesses abroad is greater than that of foreign businesses in Nigeria
View Answer & Discuss (1) JAMB 1993
700
Below equilibrium, the gap between aggregate demand and the full employment level of income is called the?
  • A. inflationary gap
  • B. income gap
  • C. unemployment gap
  • D. deflationary gap
View Answer & Discuss JAMB 1993
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