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Economics 2000 WAEC Past Questions

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31
The main feature of regressive taxation is that its rate
  • A. is higher when income is higher
  • B. is equal tax for all categories of people
  • C. remains constant when income increases
  • D. reduces when income increses
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32
Which of the following is an item of government recurrent expenditure?
  • A. Road construction
  • B. Port facilities
  • C. Wages and Salaries
  • D. Telecommunication projects
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33
Which of the following is an item of government recurrent expenditure?
  • A. Road construction
  • B. Port facilities
  • C. Wages and Salaries
  • D. Telecommunication projects
View Answer & Discuss WAEC 2000
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34
Deficit budget means that government’s
  • A. Government expenditure is equal to its revenue
  • B. Planned expenditure is more than the estimated income
  • C. Planned income and expenditure target cannot be achieved
  • D. Expenditure is less than estimated revenue
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35
The most unique quality of money is its
  • A. Relative scarcity
  • B. Divisibility
  • C. Durability
  • D. General acceptability
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