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181

To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and

  • A. the size of that country
  • B. the rate of immigration into that country
  • C. the population census of that country
  • D. the annual death rate
  • E. the gross domestic product annual(GDP) of that country
View Answer & Discuss (3) JAMB 1982
182
We can classify the people of Nigeria into three broad age group :Group one, 0-15years ; Group Two,16-64years; Group Three, 65years and above. Group Two is the most important economically because
  • A. it is the dependent population of Nigeria, economically
  • B. all student in Nigeria are in this group
  • C. more than 50% of all Nigerians are in this group
  • D. it is the most expensive group of the economy
  • E. it is the productive group of the economy
View Answer & Discuss JAMB 1982
183
In the study of Economics, land, labour, capital and entrepreneur are referred to as factors of production. These factors produce commodities only if they are?
  • A. profitable to the production process
  • B. purchased for the purpose of production
  • C. combined in the production process
  • D. provided adequately for the production process
  • E. brought into the factory
View Answer & Discuss JAMB 1982
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184
The supply of and demand for goods and services are influenced by the?
  • A. supermarkets
  • B. entrepreneurs
  • C. mechanism of the law
  • D. mechanism of equilibrium
  • E. price mechanism
View Answer & Discuss (2) JAMB 1982
185
The control price for a carton of beer in Nigeria is N7.20. But a carton of beer is sold in parts of the country for as much N15.00 The cause of this exorbitant price is that?
  • A. there is a Government ban on the importation of beer
  • B. beer distributors want more profit
  • C. Nigeria is a large country
  • D. middlemen hoard beer
  • E. the demand for beer exceeds the supply
View Answer & Discuss (1) JAMB 1982
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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