Economics Past Questions and Answers

Question 4701 :

• JAMB 2022

Increasing national income without effective control of population size in a country can lead to

A. Higher per capita income
B. Increase in poverty
C. Increased outflow of aid
D. Underutilization of resources

Question 4702 :

• JAMB 2022

An example of commodity money is

A. Currency note
B. Mobile money
C. Cheques
D. Silver

Question 4703 :

• JAMB 2022

If inflation is anticipated, people may

A. Save more money
B. Spend more money
C. Give out more loans
D. Spend less money