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Economics 1987 JAMB Past Questions

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
41
Capital consumption allowance refers to?
  • A. personal consumption expenditure
  • B. indirect business taxes
  • C. depreciation of capital equipment
  • D. expenditure on capital equipment
View Answer & Discuss (1) JAMB 1987
42
The difference between personal income and personal disposal income is?
  • A. personal income tax
  • B. investment income
  • C. personal savings
  • D. consumption expenditure
View Answer & Discuss JAMB 1987
43
Frictional unemployment?
  • A. is total unemployment minus structural unemployment
  • B. occurs when the unemployed are persons with specific training
  • C. occurs when the number of job seekers exceeds the number of vacancies
  • D. occurs when people are changing jobs
View Answer & Discuss JAMB 1987
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44

For the improvement of the welfare of a people, a high production level is not enough because

  • A. the have-nots deserve more than a fair share
  • B. equitable distribution is necessary
  • C. production efficiency is vital
  • D. savings in the country must be guaranteed at more than 50 percent of income earned.
View Answer & Discuss (2) JAMB 1987
45
Economic development is defined as?
  • A. positive change plus growth
  • B. avalibility of more goods and services
  • C. outward shift of the production possibility curve
  • D. growth in the national income
View Answer & Discuss (3) JAMB 1987
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