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Economics 1982 JAMB Past Questions

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46
Which of the following countries is NOT a member of the economic Community of West African States?
  • A. Sierra Leone
  • B. Sudan
  • C. Gambia
  • D. Nigeria
  • E. Guinea
View Answer & Discuss JAMB 1982
47
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
  • A. imposing import bans on some commodity
  • B. imposing import duties
  • C. drawing down on external reserves
  • D. purchasing foreign exchanges from foreign countries
  • E. devaluation of the currency
View Answer & Discuss JAMB 1982
48
What is the growth rate of GNP?
  • A. 18%
  • B. 10%
  • C. 6.7%
  • D. 0.5%
  • E. 4.1%3
View Answer & Discuss (5) JAMB 1982
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49

Use the table above to answer the question below

What is the growth rate of employment?

  • A. 18%
  • B. 10%
  • C. 6.7%
  • D. 5.7%
  • E. 4.1%
View Answer & Discuss (2) JAMB 1982
50

If income rises from N200.00 to N250.00 and the amount spent on good X fails from N30.00 to N28.00, then good X is

  • A. an income elastic good
  • B. a normal good
  • C. an inferior good
  • D. demand elastic
  • E. supply elastic
View Answer & Discuss (2) JAMB 1982
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