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Economics Past Questions and Answers

Jamb Economics Questions

Question 41:
National debts is an expected outcome of?
  • A Deficit budget
  • B Consolidation budget
  • C Balanced budget
  • D Surplus budget
View Answer & Explanation
Question 42:
The distribution channel that contributes most to the cost of production is?
  • A Producer-wholesaler-consumer
  • B Producer-retailer-consumer
  • C Producer-retailer-wholesaler-consumer
  • D Producer-wholesaler-retailer-consumer
View Answer & Explanation
Question 43:
Money may not be accepted as a store of value if?
  • A Its value is unstable
  • B It is easily transferable
  • C Its value is stable
  • D It is easily divisible
View Answer & Explanation
Question 44:
In order to accelerate economic development, a country must?
  • A Stimulate her population growth rate
  • B Pursue a high population growth rate
  • C Pursue a rational population policy
  • D Pursue an incremental population policy
View Answer & Explanation
Question 45:
If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?
  • A 0.4%
  • B 40.0%
  • C 10.0%
  • D 4.0%
View Answer & Explanation