Economics Past Questions

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741

The national income of a country indicates that the gross domestic production was N17 700 million and gross domestic product was N16 800 million. The difference of N900 million represents?

A. debt repayment
B. investments abroad
C. net income from abroad
D. capital consumption

View Answer & Discuss (1) JAMB 1994

742

One of the ways by which the government can speed up economic development is through the?

A. increase in consumption pattern of the people
B. encouragement of savings, investment and equitable distribution of goods and services
C. increase in the rate of population growth so as to ensure that the country has a large labour force
D. encouragement of importation of raw materials to produce consumer goods

View Answer & Discuss JAMB 1994

743

A sustained increase in the production of goods and service in a country is called economic?