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Economics 2001 JAMB Past Questions

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31

A tax that increases at a higher percentage as income increase is called?

  • A. a proportion tax
  • B. a regressive tax
  • C. a progressive tax
  • D. an income tax
View Answer & Discuss (1) JAMB 2001
32
The price paid for labour services is the?
  • A. commission rate
  • B. wages rate
  • C. income rate
  • D. salary rate
View Answer & Discuss (2) JAMB 2001
33
The capital market is a market for trading of financial assets such as?
  • A. bankers' acceptances
  • B. treasury bills
  • C. long-term securities
  • D. commercial papers
View Answer & Discuss JAMB 2001
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34
In national income accounting, NNP is derived by subtracting from the GNP?
  • A. transfer payments
  • B. indirect taxes
  • C. allowance for wastage
  • D. capital consumption
View Answer & Discuss (2) JAMB 2001
35
Economic growth can be accelerated through?
  • A. balancing of savings and consumption
  • B. postponement of current consumption
  • C. planned current consumption
  • D. increased current consumption
View Answer & Discuss (5) JAMB 2001
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