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Economics 1991 JAMB Past Questions

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36
The age distribution of a country's population is of economic importance because it affects the?
  • A. pattern of expenditure
  • B. size of the army
  • C. optimum size of firms
  • D. location of industries
View Answer & Discuss (3) JAMB 1991
37
It is important to measure the National Income of a country because?
  • A. it is a major determinant of the standard of living
  • B. it reveals hazards of development like pollution and congestion
  • C. it reveals the distribution of the citizen's savings in foreign banks
  • D. its size determines the extent of political stability
View Answer & Discuss JAMB 1991
38
The Gross Domestic Product is defined as the total value of?
  • A. all final goods and services produced in a country during the year
  • B. all assets of a country in a particular year
  • C. exports net of total value of imports
  • D. all receipts
View Answer & Discuss JAMB 1991
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39
In the national income and product accounts, double counting is avoided if?
  • A. only final goods counted
  • B. only intermediate goods are counted
  • C. only intermediate and final goods are counted
  • D. the value of all goods and services are added together
View Answer & Discuss JAMB 1991
40
If W stands for wages/salaries, P for profit, R for interest and Z for rent on land real estate, then national income is?
  • A. W -P - R - Z
  • B. W + P + Z - R
  • C. P - R - Z + W
  • D. W + P + R + Z
View Answer & Discuss (1) JAMB 1991
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