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Friday, 31 July 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 126:
The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________
  • A Deflation
  • B Inflation
  • C Devaluation
  • D Revaluation
View Answer & Explanation
Question 127:
X 8 10 12 16 18 20 24
F 2 1 4 3 3 1 6


From the table, Calculate the median___________
  • A 24.0
  • B 17.0
  • C 18
  • D 16
View Answer & Explanation
Question 128:
The expression of cost in terms of alternative forgone is referred to as ____?
  • A Scarce resources
  • B Decision making
  • C Opportunity cost
  • D Choice
View Answer & Explanation
Question 129:
The full meaning of NAPEP is?
  • 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
View Answer & Explanation
Question 130:
Taxes and government expenditures are instruments of____________
  • A Monetary policy
  • B Tax policy
  • C Economic policy
  • D Fiscal policy
View Answer & Explanation