Public Finance - Jamb Economics Past Questions and Answers

Question 71:

• JAMB 1989

A balance budget is defined as a condition of?

A. Balance of payments equilibrium
B. Equality of planned aggregate demand supply
C. Equality of planned receipts and planned expenditure
D. Equality of planned exports and planned imports

Question 72:

• JAMB 1990

Which of the following is likely to be inflationary?

A. Tax increase
B. Increase in unemployment
C. Budget surplus
D. Wages increase

Question 73:

• JAMB 1990

A tax on a commodity whose supply is perfectly inelastic is?

A. Shifted completely on the consumer
B. Completely borne by the supplier
C. Dividend in the ratio 60;40 between the consumer and the supplier
D. Divided half-and-half between the producer and the consumer

Question 74:

• JAMB 1990

in equilibrium, injections are equal to?

A. Withdrawals
B. Surplus of imports over exports
C. Government spending
D. Wages

Question 75:

• JAMB 1990

Social overhead capital refers to?

A. Balanced growth
B. Gross investment
C. The building of infrastructures
D. Capital formation