1998 - JAMB Economics Past Questions and Answers - page 4
31
A fall in the marginal propensity to save will lead to?
A
a decrease in national income
B
an increase in national income
C
no change in national income
D
an increase in disposable income
correct option: a
Users' Answers & Comments32
The major objective of economic growth is to?
A
redistribute income and other benefits of growth
B
equalize opportunities for education and employment
C
increase the aggregate expenditure on goods and services
D
increase real per capital income
correct option: d
Users' Answers & Comments33
Which of the following is a transfer payment?
A
Dividend to a shareholder
B
Gift to a mothers less babies' home
C
Salary to a worker
D
Rent to a landlord
correct option: a
Users' Answers & Comments34
The family Support Programme in Nigeria essentially focuses on?
A
the generation of employment
B
the alleviation of poverty
C
agricultural and industrial development
D
economic emancipation of women
correct option: d
Users' Answers & Comments35
Economically, underdeveloped countries are characterized by?
A
high rate of population growth and low rate of economic growth
B
high rate of economic growth and low rate of population growth
C
high rate of population growth aand high rate of economic growth
D
low rate of population growth and low rate of economic growth
correct option: a
Users' Answers & Comments36
One of the major consequences of urban-biased development programmes in Nigeria is that they?
A
led o rapid rural-urban migration
B
led to unprecedented urban wealth
C
transformed rural areas into urban centres
D
increased the level of specialized manpower inthe cities
correct option: a
Users' Answers & Comments37
Development plans have not been successful in some developing countries largely because of?
A
very large working population
B
increase level of consumption
C
scarcity of industrial raw materials
D
shortage of skilled labour and experts
correct option: d
Users' Answers & Comments38
The balance of visible trade is the difference between the values of?`
A
imported and exported goods
B
imported and exported services
C
current account and capital account
D
exchange rate of local and foreign currencies
correct option: a
Users' Answers & Comments39
If a country has a balance of payments surplus on current account, this means that?
A
total invisible export is greater than invisible import
B
the value of goods exported must be greater than the value of goods imported
C
there must be a positive balance of capital account
D
the aggregate of the balance of trade and the invisible balance must be positive
correct option: d
Users' Answers & Comments40
If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?
A
a rise in the external value of its currency
B
a fall in the external value of its currency
C
an increase in the volume of imports
D
the consumption of more foreign goods
correct option: b
Users' Answers & Comments