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Economics Past Questions and Answers

Economics Questions

Question 1951:
JAMB 2010
The percentage of working population in 2002 is?
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  • A 50%
  • B 25%
  • C 8%
  • D 80%
View Answer & Explanation
Question 1952:
JAMB 2010
if \(\bar{x}\) = 6 and N = 6, determine the value of ∑fx
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  • A 36
  • B 12
  • C 1
  • D 72
View Answer & Explanation
Question 1953:
JAMB 2011
An effective way of controlling inflation in a mixed economy is to
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  • A Increase productivity
  • B Reduce income tax
  • C Ration available output
  • D Increase imports
View Answer & Explanation
Question 1954:
JAMB 2011
One`of the limitations PPC assumption is that there is
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  • A No indication of technological development
  • B No recognition of preferred goods for countries
  • C Technical inefficiency
  • D Abundant resources
View Answer & Explanation
Question 1955:
JAMB 2011
A major disadvantage of the arithmetic means is that it is
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  • A Not useful for large data
  • B Not suitable for further statistical analysis
  • C Cumbersome to determine the actual value
  • D Affected by extreme data
View Answer & Explanation

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