Question 286:

• JAMB 2015

The situation whereby the government of a country spends more than its budgets for a given financial year is known as

A. Surplus budget
B. Deficit budget
C. Balanced budget
D. Minus budget

Question 287:

• JAMB 2015

The total stock of money available for use in an economy is

A. Supply of money
B. Value of money
C. Demand for money
D. Attribute of money

Question 288:

• JAMB 2015

What does the accelerator principles state?

A. Consumption is a function of the rate of change of income
B. Income is a function of the rate of change of investment
C. Investment is a function of the rate of change of income
D. Investment is a function of the rate of interest

Question 289:

• JAMB 2015

The curve labeled III illustrate a system of taxation

A. Regressive tax
B. Progressive tax
C. Value added tax
D. Proportional tax

Question 290:

• JAMB 2015

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