1997 - JAMB Economics Past Questions and Answers - page 4
31
Stock and shares as well as bonds are examples of instruments used in the?
A
commodity markets
B
money markets
C
capital markets
D
security markets
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32
The use of legally permissible means to reduce tax liabilities is known as tax?
A
evasion
B
avoidance
C
reliefs
D
exemption
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33
The greatest proportion of government revenue in Nigeria comes from?
A
export of raw materials
B
income taxes on individuals and business
C
custom duties and excise duties
D
loans and grants from industrially advanced countries
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34
One of the factors which is likely to check the growth of public debts is?
A
bridging the resources gap
B
debt reputation
C
debts rescheduling
D
debt-equility swap
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35
If the marginal propensity to consume is 0.75 and private investment increases by N10 billion while government expenditure decreases by N15 billion, GDP will decrease by?
A
N12 billion
B
N15 billion
C
N20 billion
D
N25 billion
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36
Given: Investment = N100 million
Consumption = N200 m + 0.75Y
Y = C + I
where, Y =Income, C = Consumption and where
I = Investment
What is the income level to the nearest million?
Consumption = N200 m + 0.75Y
Y = C + I
where, Y =Income, C = Consumption and where
I = Investment
What is the income level to the nearest million?
A
N100 Million
B
N300 Million
C
N1,000 Million
D
N1,200 Million
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37
The total money values of all goods and services produced in a country during a certain period is measured by using the?
A
income method
B
expenditure method
C
output method
D
factor method
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38
Privatization of government-owned companies means the?
A
relinquishing of government equility participation to private individuals
B
recapitalization of distressed government-owned companies
C
joint paticipation of government and private individuals
D
commercialization and deregulation of the economy
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39
The major determinant of the total volume of output in an economy is the?
A
level of wholesale prices
B
size of the labour force
C
level of total expenditure
D
composition of consumer spending
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40
The most important factor ensuring economic development is the?
A
effective mobilization of domestic savings
B
presence of foreign capital
C
formulation of appropriate government policies
D
attraction of foreign aids and grants
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