Economics Past Questions

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2931

The curve labeled II illustrates a system of taxation

A. proportional tax
B. regressive tax
C. value added
D. progressive tax

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2932

The curve labeled III illustrate a system of taxation

A. regressive tax
B. progressive tax
C. value added tax
D. proportional tax

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2933

What would be likely to increase inflation in any economy?

A. Increase in demand
B. Reduce public spending
C. Control excessive import
D. Increase in direct tax

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2934

The term of trade can be expressed as

A. (Price index of export ÷ Price index of export)× 100
B. (price index of import ÷ price index of export) × 100
C. (Price index of export ÷ Price index of import)× 100
D. (Price index of export + Price index of import)× 100

View Answer & Discuss (4) JAMB 2015

2935

The income of an individual increases from N150 to N250 and his consumption rate increases from N100 to N150. Calculate the Marginal Propensity to Consume

A. 2
B. 0.4
C. 1
D. 0.5

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