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Thursday, 02 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 46:
Population Statistics of a Country. In 1990, the difference between the dependent population and the active population ratio is
  • A 22%
  • B 20%
  • C 16%
  • D 4%
View Answer & Explanation
Question 47:
What is the average total cost when output is 200 units in the table above is
  • A N1.00
  • B N2.0
  • C N1.20
  • D N2.40
View Answer & Explanation
Question 48:
In the diagram above, the price P2 in price control situation, is referred to as
  • A Minimum price
  • B Markup price
  • C Maximum price
  • D Mark-down price
View Answer & Explanation
Question 49:
The shaded triangle in the diagram above is known as
  • A Excess supply
  • B Consumer surplus
  • C Excess consumption
  • D Producer surplus
View Answer & Explanation
Question 50:
In the diagram above, DoDo is the original demand curve, SoSo is the original supply curve, D1D1 is the new demand curve. What is the new equilibrium quantity?
  • A Q1
  • B Q2
  • C Q3
  • D Q4
View Answer & Explanation