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Economics 1989 JAMB Past Questions

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41
The difference between gross national product and net national product is equal to?
  • A. gross investment
  • B. net investment
  • C. net foreign income
  • D. capital depreciation
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42
The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the?
  • A. gross national product
  • B. disposable income
  • C. national income
  • D. gross domestic product
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43
If C stands for consumption expenditure, I for investment, X for exports, and M for imports, then national income is?
  • A. C + I + X + M
  • B. C + I +X - M
  • C. C + I - X + M
  • D. C + I + X
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44
A sustained increase in the per capita income of a country over a period of time is called?
  • A. economic growth
  • B. economic development
  • C. structural change
  • D. stagflation
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45
The primary goal of development planning in Nigeria is to?
  • A. increase profitability of enterprises
  • B. achieve a rapid increase in the welfare and standard of living of Nigerians
  • C. increase the level of gross domestic product
  • D. make Nigeria a super-power
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