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Economics 1988 JAMB Past Questions

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41
In estimating the national income of a country, the three approaches usually adopted are the?
  • A. expenditure, value-added and output
  • B. income, final product and output
  • C. expenditure,income and output
  • D. avoiding of double counting, final expenditure and value added
View Answer & Discuss JAMB 1988
42
If technology becomes less capital-intensive, it means?
  • A. an increase in the capital/labour ratio
  • B. an increase in the capital/ratio
  • C. a fall in the labour/capital ratio
  • D. increased unemployment
View Answer & Discuss (1) JAMB 1988
43
The most threatening problem for the less developed countries is?
  • A. the continual depletion of their soil fertility
  • B. the rise of nationalism
  • C. population explosion
  • D. their differences towards economic growth
View Answer & Discuss JAMB 1988
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44
An increase in an economy's productive capacity implies?
  • A. an increase in the economy's rate of capital replacement
  • B. an increase in the economy's capital stock
  • C. a decrease in government spending
  • D. an increase in government spending
View Answer & Discuss JAMB 1988
45
Collectivism refers to the system of management of state enterprises in a?
  • A. mixed economy
  • B. co-operative organization
  • C. capitalist economic system
  • D. socialist economy
View Answer & Discuss (1) JAMB 1988
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