Development plans in Nigeria have deviated from their targets due to
Lack of manpower
Political instability
High population growth rate
Brain drain in the country
Inadequate land
Correct answer is B
No explanation has been provided for this answer.
Progressive system of taxation implies that the
Poor pay relatively more
Tax rate falls as the tax base increases
Tax rate increases as the tax base increases
Average and marginal rate of tax will be the same
Rich and the poor pay the same amount as tax
Correct answer is C
No explanation has been provided for this answer.
An increase in marginal propensity to save will lead to
An increase in marginal propensity to consume
A decrease in the level of consumption
An immediate decrease in the net national income
An increase in the level of consumption
A decrease in the level of savings
Correct answer is B
No explanation has been provided for this answer.
Income
Investments
Savings
Profits
Interest
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a factor affecting the size of national income?
Size of the active population
Taste of the consumers
Number of registered trade unions
Credit-worthiness of the neighbouring countries
Regularity of payment of national debt
Correct answer is A
No explanation has been provided for this answer.