JAMB Economics 2022 Objective — Question 3
Question 3 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.
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3. Public expenditure can expand the economy if it is
- A. (A) in excess of government revenueCorrect
- B. (B) channeled into capital projects
- C. (C) diverted into imports
- D. (D) financed through oil revenue
Explanation
If government wants to expand the economy, it spends more than it receives (deficit spending), injecting more money into the economy.
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