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Economics Past Questions

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1316
In developing countries, it is easier to obtain accurate national income estimates through the
  • A. GNP
  • B. GDP
  • C. NDP
  • D. NNP
View Answer & Discuss JAMB 2009
1317

In the long run, one of the characteristics of monopolistic competitive firms is that they

  • A. make abnormal profits
  • B. suffer losses
  • C. make normal profits
  • D. collude with each other
View Answer & Discuss (4) JAMB 2009
1318

Double counting is a problem in computing national income when using the

  • A. expenditure method
  • B. income method
  • C. output method
  • D. value-added method
View Answer & Discuss (6) JAMB 2009
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1319

In the circular flow of income, an increase in savings causes

  • A. an increase in imports
  • B. a decrease in the income stream
  • C. an increase in household consumption
  • D. a decrease in exports
View Answer & Discuss JAMB 2009
1320
The ability of commercial banks to create money depends on the
  • A. reserve ratio
  • B. liquidity ratio
  • C. interest rate
  • D. capital base
View Answer & Discuss JAMB 2009
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