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Economics 1990 JAMB Past Questions

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41
Social overhead capital refers to?
  • A. balanced growth
  • B. gross investment
  • C. the building of infrastructures
  • D. capital formation
View Answer & Discuss JAMB 1990
42
The most common index used for measuring development is?
  • A. the level of literacy
  • B. per capita income
  • C. nutritional levels
  • D. population growth rate
View Answer & Discuss JAMB 1990
43
Agriculture is central to Nigeria''s economic development because?
  • A. Nigeria''s comparative advantage lies mainly in agro-allied industries
  • B. agriculture is the largest employer of labour
  • C. agriculture accounts for an insignificant domestic product
  • D. Nigeria earns limitless foreign exchange from agriculture
View Answer & Discuss JAMB 1990
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44
The flow labelled Y refers to
  • A. real income
  • B. factor payment
  • C. factor input
  • D. national income
View Answer & Discuss (1) JAMB 1990
45
The lower half of the diagram indicates
  • A. the flow of goods and services
  • B. payments for goods and services
  • C. the flow of income
  • D. government transactions
View Answer & Discuss (2) JAMB 1990
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