Revenue Allocation And Resource Control In Nigeria Jamb Economics Past Questions
Question 1
A country's budget allocation to various sectors of the economy is shown in the pie chart above...
Use it to answer this question.
If the budget of the country was $7,200, how much is allocated to Education?
- A. $2,400.00
- B. $2,000.00
- C. $1,200.00
- D. $1,000.00
Question 2
If aggregate demand is lower than total output in an economy national income will
- A. be constant
- B. be at equilibrium
- C. increase
- D. fall
Question 3
In Nigeria, the government can reduce the cost of accommodation by fixing the rent
- A. at the prevailing rate
- B. at the equilibrium price
- C. above the equilibrium price
- D. below the equilibrium price
Question 4
A classroom teacher is promoted to the rank of a principal. This is an example of
- A. vertical mobility
- B. lateral mobility
- C. social mobility
- D. horizontal mobility
Question 5
In Nigeria, revenue sharing from the federation Account is between the?
- A. executive, the judiciary and the legislature
- B. federal and state governments and the parastatals
- C. federal and state governments and the senate
- D. federal, state and local governments
