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Economics 1986 JAMB Past Questions

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36
Deflation is a persistent fall in the general price level and is usually caused by?
  • A. a reduction in total demand
  • B. an increase in government spending
  • C. an increase in the money supply
  • D. an increase in aggregate demand
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37
Which of the following causes of inflation is related to demand-pull inflation?
  • A. Low productivity on farms and in firms
  • B. Poor storage facilities
  • C. Poor distribution system
  • D. Increase in expenditure on construction
View Answer & Discuss JAMB 1986
38
Which of the following is NOT a goal of modern budgets?
  • A. The control of inflation
  • B. The reduction in income inequality
  • C. The shift of all resources from the private to the public sector
  • D. Economic development
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39
The best technical description of a progressive tax is a?
  • A. tax which takes more money from the rich than from the poor
  • B. more equitable tax than aggressive one
  • C. tax which takes a higher proportion of extra naira received as income rises
  • D. tax which falls directly on those in the high income brackets
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40
Tax incidence is the analysis of?
  • A. how progressive a tax is
  • B. how a tax is collected
  • C. hw distorting a tax is
  • D. who ultimately pays the tax
View Answer & Discuss JAMB 1986
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