..................... is the highest body in ECOWAS organogram

Authority of Head of State and Government

Alternative commodities forgone

Amount of money spent on goods and services

Public corporation is financed with

Capital raised from shareholders

Capital raised from stock exchange

The "velocity" of money is

The ratio of real GDP to the real money supply

The real money supply divided by the real GDP

The money supply multiplied by the price level

The money supply divided by the price level

The ratio of real GDP to the real money supply

One major criticism of foreign aid to developing countries is that it

Is capital using rather than capital saving

Gives too much power and control to world bank

Encourages growth in government bureaucracy

Is capital using rather than capital saving

Provides incentives for capital flight

Multiplier can be described as

. the ratio of change in an endogenous variable to the change spending

the ratio of variables that multiplies autonomous spending plus tax

the ratio of change in output to a change in autonomous spending

the ratio of variables that multiplies autonomous spending

Economic problem occurs when

There is scarcity relative to demand

There are no buyers for our goods

JAMB UTME - Economics - 2023 | Green Bridge CBT

Question 1 Rapport

The principle that specified that the amount, when and how to pay tax should be made known to tax payer is known as

Principle of economy

Principle of convenience

Principle of simplicity

Principle of certainty

Détails de la réponse

The principle that specifies that the amount, when, and how to pay tax should be made known to the taxpayer is known as the Principle of Certainty. This principle ensures that taxpayers have a clear understanding of their tax obligations, which includes knowing the amount of tax they owe, the deadline for payment, and the method of payment.
The Principle of Certainty is important because it promotes transparency and accountability in the tax system. By providing clear and specific information to taxpayers, it enables them to accurately calculate and plan for their tax obligations. This helps to avoid confusion or misunderstandings between the taxpayer and the tax authorities.
Furthermore, the Principle of Certainty also ensures fairness and consistency in the tax system. By clearly stating the rules and requirements, it ensures that all taxpayers are treated equally and that there is no ambiguity or room for arbitrary decisions in the tax assessment process.
Overall, the Principle of Certainty provides a solid foundation for the relationship between taxpayers and tax authorities. It establishes clear expectations, promotes compliance, and adds credibility to the tax system.






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