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831
If tax takes a large proportion of the income of people with lower income, the tax is
  • A. progressive
  • B. proportional
  • C. regressive
  • D. investment
View Answer & Discuss WAEC 2007
832
Which of the following is an example of direct tax?
  • A. import duties
  • B. income tax
  • C. export duties
  • D. purchase tax
View Answer & Discuss (1) WAEC 2007
833
Monetary control measure are coordinated by
  • A. Development banks
  • B. Merchant banks
  • C. comercial banks
  • D. the central banks
View Answer & Discuss WAEC 2007
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834
A country whose economy is buoyant is likely to have
  • A. a weak currency
  • B. devaluation from time to time
  • C. a strong currency
  • D. balance of payment problem
View Answer & Discuss WAEC 2007
835
The Net National Product (NNP) is Gross National Product (GNP) less
  • A. domestic product
  • B. foreign product
  • C. depreciation
  • D. investment
View Answer & Discuss WAEC 2007
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