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Economics Past Questions

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1181
The factor responsible for the current inflationary pressures in Nigeria is the
  • A. exchange rate depreciation
  • B. increase in exports
  • C. low per capital income
  • D. budget surplus
View Answer & Discuss JAMB 2005
1182
If government increases in its expenditure on public works, the desired effect is
  • A. a reduction in the use of capital equipment
  • B. an increase in the level of emploment
  • C. an increase in the level of inflation
  • D. an increase in the use of capital equipment
View Answer & Discuss (6) JAMB 2005
1183
An institution that regulates trade relations among members is the
  • A. ADB
  • B. OPEC
  • C. EU
  • D. IMF
View Answer & Discuss (1) JAMB 2005
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1184
If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by
  • A. N4.0 milion
  • B. N25. 0 milion
  • C. N2.5 milion
  • D. N15.0 milion
View Answer & Discuss (8) JAMB 2006
1185
Personal income tax as a source of government revenue is increased when the
  • A. tax rate is raised
  • B. tax system is proportional
  • C. retirement age is reduced
  • D. tax base is contracted
View Answer & Discuss JAMB 2006
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