s s 2 3rd term - Economics

the financial statement of the total estimated government revenue and expenditure within a given year is referred to as

• budget

• inflation

• bank statement

• plan

the budget size of Nigeria for the year 2022 was

• N62.5 trillion

• N7 billion

• $40 billion

• N100 million

A complusory levy imposed by government on individuals and companies is called

• tax

• Budget

• fees

• finem

PAYE stands for

one of the following is not a principle of a good tax system

• complexity

• simple

• fair

• timely

the aspect of economics that deals with government revenue and expenditure

• public finance

• private finance

• budget

• national income

the use of government income and expenditure as an instrument for regulating economic activities is referred to as

• fiscal policy

• general policy

• elasticity

• inflation policy

persistent decrease in prices is called

• deflation

• inflation

• scarcity

• demand

persistent increase in prices of goods and services is called

• inflation

• deflation

• scarcity

• elasticity

one of the following Is not a type of inflation,

.......... inflation

• demand pull

• cost push

• creeping

• jumping