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Economics 1983 JAMB Past Questions

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1
Which of the following is NOT include in measuring national income by the income approach?
  • A. Wages and salaries of public servant
  • B. student grants and scholarship
  • C. Profit of companies
  • D. income earned by self employed persons such as lawyers
  • E. Rents on property
View Answer & Discuss JAMB 1983
2
A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?
  • A. both price and quantity will increased
  • B. only price increases
  • C. only quantity increases
  • D. the price remains constant
  • E. the price falls
View Answer & Discuss (1) JAMB 1983
3
Which of the following items is NOT an argument for locating industries in rural areas?
  • A. Rural areas supply agricultural raw material
  • B. The pace of development will be quickened in rural areas
  • C. Employment will be provided for rural inhabitants
  • D. Capital is easily available in rural areas
  • E. Suitable humid climate is sometimes found in rural areas
View Answer & Discuss (1) JAMB 1983
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4
The natural growth rate of a population is the
  • A. sum of the birth rate and the death rate
  • B. sum of the birth rate and the net migrate rate
  • C. birth rate minus death rate
  • D. birth rate divided by the net migration
  • E. death rate minus the net imgration
View Answer & Discuss JAMB 1983
5
Which of the following sets fully represents factors of production?
  • A. Sunlight, machinery, man , land,
  • B. Land, labour, capital, enterprise, technology
  • C. Capital, technology, idaes, markets, land
  • D. Land, water, weather
  • E. Money, market , middlemen
View Answer & Discuss (1) JAMB 1983
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