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JAMB Economics 1987 Question 40

Question 40

Public Finance

The money which government spends yearly for the maintenance of its schools is

  1. A.used only for wages and salaries
  2. B.part of the government's capital expenditure
  3. C.part of the government's recurrent expenditure
  4. D.the government's budget for its schools
Show the answer and explanation

Answer: C (part of the government's recurrent expenditure)

Explanation

Spending that is repeated every year, such as maintenance and salaries, is recurrent expenditure.