Government budget and public debts - Jamb Economics Past Questions and Answers

Question 31:

• JAMB 2011

A country embarks on deficit financing in order to

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

Question 32:

• JAMB 2012

A huge national debt is an indication that the gold reserves of a nation has

A. Appreciated
B. Decreased
C. Depreciated
D. Stagnated

Question 33:

• JAMB 2020

A budget with a projected revenue in excess of its expenditure is said to be?

A. Balanced
B. Surplus
C. Deficit
D. Inflationary