Public Finance Jamb Economics Past Questions
Question 6
If C stands for consumption expenditure, I for investment, X for exports, and M for imports, then national income is?
- A. C + I + X + M
- B. C + I +X - M
- C. C + I - X + M
- D. C + I + X
Question 7
unlimited liability means?
- A. The government can tax a company without limit
- B. The debts of a company must be paid out of it assets
- C. A company ceases to exist at the death of one of its owners
- D. A firm must pay its debts from business as well as private funds
- E. None of the above
Question 8
The main economic goal of ECOWAS is the attainment of ?
- A. regional free trade
- B. Multilateral trade
- C. bilateral trade
- D. economic self-reliance
- E. The economic emancipation of Africa
