Public Finance - Jamb Economics Past Questions and Answers

Question 126:

• JAMB 2009

If government expenditure exceeds revenue, this result in

A. Balanced budget
B. National debt
C. Budget deficit
D. Budget surplus

Question 127:

• JAMB 2010

If the demand for a good is more elastic than its supply, the tax burden is borne

A. Equally by consumers and producers
B. More by producers
C. More by consumers
D. More by retailers and producers

Question 128:

• JAMB 2010

A decrease in aggregate spending in an economy will ultimately lead to

A. Boom
B. Inflation
C. Deflation
D. Recession

Question 129:

• JAMB 2010

In Nigeria, the huge public debt is as a result of

A. Balanced budgeting
B. Deficit budgeting
C. Surplus budgeting
D. Zero budgeting

Question 130:

• JAMB 2011

A country embarks on deficit financing in order to

A. Increase revenue
B. Reduce aggregate demand
C. Curb inflation
D. Stimulate investment