In computing national income, transfers are excluded because
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
Correct answer is D
No explanation has been provided for this answer.
Personal income tax as a source of government revenue is increased when the
Tax rate is raised
Tax system is proportional
Retirement age is reduced
Tax base is contracted
Correct answer is A
No explanation has been provided for this answer.
N4.0 milion
N25.0 milion
N2.5 milion
N15.0 milion
Correct answer is B
No explanation has been provided for this answer.
An institution that regulates trade relations among members is the
ADB
OPEC
EU
IMF
Correct answer is B
No explanation has been provided for this answer.
If government increases in its expenditure on public works, the desired effect is
A reduction in the use of capital equipment
An increase in the level of emploment
An increase in the level of inflation
An increase in the use of capital equipment
Correct answer is A
No explanation has been provided for this answer.