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Economics 1988 JAMB Past Questions

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36
Which of the following is a good example of invisible item on balance of payments account?
  • A. Shipping and aviation
  • B. Export and imports
  • C. Merchandise
  • D. Bullion
View Answer & Discuss JAMB 1988
37
Deficit financing is mostly facilitated by the existence of?
  • A. stock exchange market
  • B. commercial bank
  • C. central bank
  • D. capital market
View Answer & Discuss JAMB 1988
38
The Malthusian theory of population predicts that growth in food production will?
  • A. keep pace with population growth
  • B. be at a faster rate than population growth
  • C. be at a slower rate tthan population growth
  • D. be more rapid than population growth in the developing countries
View Answer & Discuss (1) JAMB 1988
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39
If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average propensity to consume is?
  • A. 0.20
  • B. 0.80
  • C. 1.25
  • D. 2.00
View Answer & Discuss (1) JAMB 1988
40
Which of the following items is subtracted when computing Gross National Product at factor cost, by the expenditure method?
  • A. Consumption expenditure
  • B. Indirect taxes
  • C. Exports and property income from abroad
  • D. Gross Domestic Fixed Capital Formation
View Answer & Discuss JAMB 1988
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