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Economics Past Questions and Answers

Jamb Economics Questions

Question 1:

Which of the following is NOT include in measuring national income by the income approach?

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A Wages and salaries of public servant
B Student grants and scholarship
C Profit of companies
D Income earned by self employed persons such as lawyers
E Rents on property

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Question 2:

Which of the following is NOT include in measuring national income by the income approach?

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A Wages and salaries of public servant
B Student grants and scholarship
C Profit of companies
D Income earned by self employed persons such as lawyers
E Rents on property

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Question 3:

A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?

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A Both price and quantity will increased
B Only price increases
C Only quantity increases
D The price remains constant
E The price falls

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Question 4:

Which of the following items is NOT an argument for locating industries in rural areas?

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A Rural areas supply agricultural raw material
B The pace of development will be quickened in rural areas
C Employment will be provided for rural inhabitants
D Capital is easily available in rural areas
E Suitable humid climate is sometimes found in rural areas

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Question 5:

The natural growth rate of a population is the

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A Sum of the birth rate and the death rate
B Sum of the birth rate and the net migrate rate
C Birth rate minus death rate
D Birth rate divided by the net migration
E Death rate minus the net imgration

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