The money which government spends yearly for the maintenance of its school is
Used only for wages and salaries
Part of the government's capital expenditure
Part of the government's recurrent expenditure
The government's budget for its school
Correct answer is C
No explanation has been provided for this answer.
A budget with a projected revenue in excess of its expenditure is said to be
Balanced
Surplus
Deficit
Inflationary
Correct answer is B
No explanation has been provided for this answer.
Elastic
Inelastic
Perfectly elastic
Unitary elastic
Correct answer is B
No explanation has been provided for this answer.
A certain percentage tax based on the value of the commodity
A certain percentage tax based on the volume of the commodity
A tax on the income of the consumer
Payment of a tax on the profits made
Correct answer is A
No explanation has been provided for this answer.
If inflation is anticipated to continue
People will lose confidence in goods
Lenders will demand higher interest rate
The growth of full employment output will be accelerated
People will want to hold more money
Correct answer is B
No explanation has been provided for this answer.