passwella.
Menu

WAEC Economics 2006 Question 34

Question 34

Public Finance

Amount proposed for payments of wages and salaries in a budget is regarded as part of

  1. A.recurrent expenditure
  2. B.direct investment
  3. C.recurrent revenue
  4. D.capital receipts.
Show the answer and explanation

Answer: A (recurrent expenditure)

Explanation

Wages and salaries are paid regularly every year, so they are recurrent expenditure.