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JAMB Economics 1986 Question 38

Question 38

Public Finance

Which of the following is NOT a goal of modern budgets?

  1. A.The control on inflation
  2. B.The reduction in income inequality
  3. C.The shift of all resources from the private to the public sector
  4. D.Economic development.
Show the answer and explanation

Answer: C (The shift of all resources from the private to the public sector)

Explanation

Budgets aim at price stability, fairer income distribution and growth; moving all resources to the government is not a budget goal.