1990 - JAMB Economics Past Questions and Answers - page 4
31
Which of the following is likely to hinder labour mobility in Nigeria?
A
Higher wages elsewhere
B
Cultural similarities
C
Good accommodation elsewhere
D
Ignorance of job opportunities elsewhere
correct option: b
Users' Answers & Comments32
If birth rate is constant and death rate declines, population?
A
falls
B
expands
C
stabilizes
D
oscilates
correct option: b
Users' Answers & Comments33
If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?
A
N1,000 000.00
B
N4,000 000.00
C
N6,000 000.00
D
N14,000,000.00
correct option: b
Users' Answers & Comments34
The system of measurement of national income as the sum of all final demands is called?
A
income approach
B
expenditure approach
C
value-added
D
final demands approach
correct option: b
Users' Answers & Comments35
Disposable income is an income which?
A
is available for consumption and savings
B
pensioners receive from the government
C
is payable to the disable members of the community
D
accures to the environmental sanitation authorites for refuse disposal
correct option: a
Users' Answers & Comments36
in equilibrium, injections are equal to?
A
withdrawals
B
surplus of imports over exports
C
government spending
D
wages
correct option: a
Users' Answers & Comments37
Social overhead capital refers to?
A
balanced growth
B
gross investment
C
the building of infrastructures
D
capital formation
correct option: c
Users' Answers & Comments38
The most common index used for measuring development is?
A
the level of literacy
B
per capita income
C
nutritional levels
D
population growth rate
correct option: b
Users' Answers & Comments39
Agriculture is central to Nigeria''s economic development because?
A
Nigeria''s comparative advantage lies mainly in agro-allied industries
B
agriculture is the largest employer of labour
C
agriculture accounts for an insignificant domestic product
D
Nigeria earns limitless foreign exchange from agriculture
correct option: b
Users' Answers & Comments40
A
real income
B
factor payment
C
factor input
D
national income
correct option: c
Users' Answers & Comments