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Economics Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1121

If budget deficits are financed by borrowing, the crowing-out effect can be offset by an increase in

  • A. government expenditure
  • B. savings
  • C. interest rates
  • D. exchange rates
View Answer & Discuss (5) JAMB 2004
1122
The excess of aggregate expenditure over full employment level of output is referred to as
  • A. GNP gap
  • B. deflationary gap
  • C. inflation gap
  • D. recessionary gap
View Answer & Discuss JAMB 2004
1123
The tax levied on goods and services at each stage of production is
  • A. surtax
  • B. VAT
  • C. ad valorem tax
  • D. PAYE
View Answer & Discuss JAMB 2004
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1124
The number of shareholders in a private limited liability company ranges from
  • A. two to seven
  • B. two to three
  • C. two to fifty
  • D. two to twenty
View Answer & Discuss JAMB 2004
1125
A major reason for having national development plans is to
  • A. ensure efficient use of available resources
  • B. involve people in national programmes
  • C. make government spend more on production
  • D. ensure that more citizens are involved in planning
View Answer & Discuss JAMB 2004
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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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