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Friday, 03 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 36:
When a nation is experiencing balance of payment surplus, it is in a better position to?
  • A Increase its foreign exchange reserves
  • B Increase its liabilities to foreigners
  • C Reduce its foreign exchange reserves
  • D Devalue its national currency
View Answer & Explanation
Question 37:
Which of the following is a good example of invisible item on balance of payments account?
  • A Shipping and aviation
  • B Export and imports
  • C Merchandise
  • D Bullion
View Answer & Explanation
Question 38:
Deficit financing is mostly facilitated by the existence of?
  • A Stock exchange market
  • B Commercial bank
  • C Central bank
  • D Capital market
View Answer & Explanation
Question 39:
The Malthusian theory of population predicts that growth in food production will?
  • A Keep pace with population growth
  • B Be at a faster rate than population growth
  • C Be at a slower rate tthan population growth
  • D Be more rapid than population growth in the developing countries
View Answer & Explanation
Question 40:
If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average propensity to consume is?
  • A 0.20
  • B 0.80
  • C 1.25
  • D 2.00
View Answer & Explanation