JAMB Economics 2008 Question 32

Question 32

Public Finance

The use of government revenue and expenditure to achieve set objectives is known as

  1. A.budget
  2. B.fiscal policy
  3. C.revenue allocation
  4. D.monetary policy
Show the answer and explanation

Answer: B (fiscal policy)

Explanation

Fiscal policy is government's use of taxation and spending to influence the economy.