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Economics Past Questions and Answers

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Jamb 2019 Economics Questions

Question 76:

The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________

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A Deflation
B Inflation
C Devaluation
D Revaluation

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Question 77:

X	8	10	12	16	18	20	24
F	2	1	4	3	3	1	6

From the table, Calculate the median___________

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A 24.0
B 17.0
C 18
D 16

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Question 78:

The expression of cost in terms of alternative forgone is referred to as ____?

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A Scarce resources
B Decision making
C Opportunity cost
D Choice

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Question 79:

The full meaning of NAPEP is?

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A National Poverty Eradication Programme
B National Agency for Poverty and Education Program
C National Air Pollution and Environmental Purification
D None of the above

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Question 80:

Taxes and government expenditures are instruments of____________

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A Monetary policy
B Tax policy
C Economic policy
D Fiscal policy

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