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WAEC Economics 2001 Question 40

Question 40

Public Finance

Public expenditure can be financed from all the following sources except

  1. A.borrowing
  2. B.grant-in-aid.
  3. C.royalties and rents.
  4. D.mobilization fees.
Show the answer and explanation

Answer: D (mobilization fees.)

Explanation

Government finances spending by taxes, borrowing, grants, royalties and rents; mobilisation fees are paid by government to contractors, not received.