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Economics Past Questions and Answers

Jamb Economics Questions

Question 26:

Short-term loans for investment are usually obtained through the

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A Stock market
B Development banks
C Money market
D Capital market

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Question 27:

Given a base year and the price index of 175% the following year, which of the following year will arise?

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A The cost of living decreases of that year
B The cost of living remains unchanged
C The value of money rises by 75%
D The value of money falls by 75%

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Question 28:

Wage freeze is a policy measure aimed at

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A Encouraging investors
B Curbing inflation
C Regulating standard of living
D Curbing deflation

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Question 29:

A major obstacle to the development of Nigeria economy is

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A Low capital formation
B Rural-urban migration
C Over dependence on oil
D Poor developmental policies

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Question 30:

Which of the following can be used to measure the Gross National product in an open economy?

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A C+I+G+(X+M)
B C+I+G+X
C C+I+G
D C+I+G+(X-M)

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