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WAEC Economics 2014 Question 19

Question 19

Public Finance

Which of the following items is not a recurrent expenditure?

  1. A.Building of schools and colleges
  2. B.Maintenance of school buildings
  3. C.Payment of teachers' salaries
  4. D.Purchase of stationery for examinations.
Show the answer and explanation

Answer: A (Building of schools and colleges)

Explanation

Building schools creates lasting assets, so it is capital expenditure.