JAMB Economics 2011 Objective — Question 21

Question 21 of 49 from the Joint Admissions and Matriculation Board (JAMB) Economics 2011 Objective paper, with the correct answer and a full explanation.

In national income accounts, an item counted as part of government spending is

A. A. pension
B. B. scholarship
C. C. social welfare
D. D. salaries and wagesCorrect

Explanation

Salaries and wages are part of government spending on production of goods and services in the current period; pensions, scholarships and social welfare are transfer payments, not counted this way.

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