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Economics Past Questions and Answers

Jamb Economics Questions

Question 36:

Economically, underdeveloped countries are characterized by?

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A High rate of population growth and low rate of economic growth
B High rate of economic growth and low rate of population growth
C High rate of population growth aand high rate of economic growth
D Low rate of population growth and low rate of economic growth

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Question 37:

One of the major consequences of urban-biased development programmes in Nigeria is that they?

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A Led o rapid rural-urban migration
B Led to unprecedented urban wealth
C Transformed rural areas into urban centres
D Increased the level of specialized manpower inthe cities

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Question 38:

Development plans have not been successful in some developing countries largely because of?

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A Very large working population
B Increase level of consumption
C Scarcity of industrial raw materials
D Shortage of skilled labour and experts

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Question 39:

The balance of visible trade is the difference between the values of?`

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A Imported and exported goods
B Imported and exported services
C Current account and capital account
D Exchange rate of local and foreign currencies

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Question 40:

If a country has a balance of payments surplus on current account, this means that?

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A Total invisible export is greater than invisible import
B The value of goods exported must be greater than the value of goods imported
C There must be a positive balance of capital account
D The aggregate of the balance of trade and the invisible balance must be positive

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