by Sunday | Oct 21 | Economics JAMB
A. Consumption is a function of the rate of change of income B. income is a function of the rate of change of investment C. Investment is a function of the rate of change of income D. Investment is a function of the rate of interest Correct Answer: Option C –...
by Sunday | Oct 21 | Economics JAMB
A. supply of money B. value of money C. demand for money D. attribute of money Correct Answer: Option A – supply of money Explanation Supply of money is the total amount of money circulating outside the banking system including money on current account over a...
by Sunday | Oct 21 | Economics JAMB
A. surplus budget B. deficit budget C. balanced budget D. minus budget Correct Answer: Option B – deficit budget Explanation Deficit budget is a situation whereby government revenue is less than government...
by Sunday | Oct 21 | Economics JAMB
A. socialist system B. mixed system C. capitalist system D. traditional system Correct Answer: Option C – capitalist system Explanation Capitalist system is where the private individuals controlled the means of production and...
by Sunday | Oct 21 | Economics JAMB
A. less tax B. divided by tax C. plus tax D. multiplied by tax Correct Answer: Option A – less tax Explanation Disposable income can only be obtained if tax has been deducted. So it is the income available for savings and spending after the deduction of personal...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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