2006 - JAMB Economics Past Questions and Answers - page 4

they are received only by the poor

the figures reduce the size of national income

it is difficult to get the exact figures

they are not payments for productive activities

insure bank deposits

regulate the activities of insurance companies

ensure adequate capitalization of insurance companies

accept customers' deposit

a public debt

a transferred debt

a private debt

an inter-governmental debt

contractionary monetary policy

decreasing wages

deficit financing

rigid fiscal policy

money supply to increase

commercial banks to reduce lending

commercial banks to merge

money supply to reduce

import duties

rents and royalties

company income tax

capital gains tax

maintaining the fiscal supremacy of the central government the fiscal supremacy of the central government

evolving an acceptable wage for public servants

evolving an acceptable revenue-sharing formula

ensuring equity in the sharing of fiscal responsibilities

be borne only by the government

fall more heavily on consumers

be shared equally between consumers and producers

fall more heavily on producers

the state of technology

the prices of other commodities

the ease of substitution

government policy

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