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Thursday, 01 October 2026
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Economics Past Questions and Answers

Topic: Basic Tools

Jamb Economics Questions - Basic Tools

Question 1:
The arithmetic mean of 5, 8, 10, 15, 24 and 28 is_______
  • A 145
  • B 15
  • C 90
  • D 6
View Answer & Explanation
Question 2:
An economic condition in which much reduced economic activity co-exists with inflation is referred to as__________
  • A Stagflation
  • B Inflationary spiral
  • C Slump inflation
  • D Inflationary gap
View Answer & Explanation
Question 3:
If AC and MC are represented on a graph, the MC curve will cut the AC curve_______
  • A At the maximum point on the AC curve
  • B At the highest point on the AC curve
  • C At the minimum point on the AC curve
  • D At the peak
View Answer & Explanation
Question 4:
From table, how many people scores above 6?
  • A 25
  • B 24
  • C 5
  • D 30
View Answer & Explanation
Question 5:
X 2 3 4 5
F 2 5 2 1


From the table, the mean of the distribution is___________
  • A 2.2
  • B 2.5
  • C 3.2
  • D 4.5
View Answer & Explanation