JAMB Economics 1992 Question 39

Question 39

Public Finance

The objective of public finance is to promote

  1. A.full employment, national income and price stability
  2. B.government revenue drive and expenditure to as high a level as possible
  3. C.the expansion of government social services
  4. D.government revenue drive and minimize government expenditure
Show the answer and explanation

Answer: A (full employment, national income and price stability)

Explanation

Government uses taxes and spending to achieve full employment, growth of national income and stable prices.