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Tuesday, 28 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 1881:
JAMB 2009
A manufacturer who wants to build a new plant will source funds from the
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  • A Commercial banks
  • B Money market
  • C Capital market
  • D Government
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Question 1882:
JAMB 2009
Cost-push inflation occurs when
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  • A Production cost is high
  • B Factor prices decrease
  • C There is too much money in circulation
  • D Government embarks on deficit financing
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Question 1883:
JAMB 2009
If government expenditure exceeds revenue, this result in
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  • A Balanced budget
  • B National debt
  • C Budget deficit
  • D Budget surplus
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Question 1884:
JAMB 2009
The Basic Needs Approach to development is
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  • A Poverty alleviation
  • B Provision of educational infrastructure
  • C Provision of health services
  • D Improvement in workers income
View Answer & Explanation
Question 1885:
JAMB 2009
The major reason why countries strive to achieve optimum growth is to
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  • A Be self-sufficient
  • B Raise general living standards
  • C Raise the level of production
  • D Reduce aggregate expenditure
View Answer & Explanation

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