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Economics 1992 JAMB Past Questions

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46
\(\begin{array}{c|c}
\text{Age group(years)} & \text{Distribution(%)} \\ \hline
\text{Above 60} & 30 \\
\hline
15 - 60 & 45 \\
\hline
0 - 14 & 25 \\
\end{array}\)

The estimated dependency ratio of the population distribution shown here is
  • A. 11:9
  • B. 9:11
  • C. 7:3
  • D. 3:7
View Answer & Discuss (3) JAMB 1992
47
\(\begin{array}{c|c}
\text{Population(Million)} & \text{Food Production(Milion tonnes)} \\
50 & 220 \\
70 & 210 \\
90 & 225 \\
100 & 275 \\
\end{array}\)

In the data above, what is the optimum population in million?
  • A. 50
  • B. 70
  • C. 90
  • D. 100
View Answer & Discuss (4) JAMB 1992
48
\(\begin{array}{c|c}
\text{Quantity of singlets} & \text{Short run total costs(N)} \\
0 & 1,000 \\
10 & 1,200 \\
20 & 1,400 \\
30 & 1,600 \\
40 & 1,800 \\
\end{array}\)

The short run total costs for different levels of output for a firm producing singlets are shown above. Calculate the variable cost per unit at an output of 20.
  • A. N1000
  • B. N400
  • C. N70
  • D. N20
View Answer & Discuss JAMB 1992
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49
The type of business organizations mostly used for producing public goods in Nigeria is
  • A. Sole proprietorships
  • B. Limited liability companies
  • C. Co-operative societies
  • D. Statutory corporations
View Answer & Discuss (1) JAMB 1992
50

The terms of trade of a country is defined as

  • A. \(\frac{\text{Index of import prices}}{\text{Index of export prices}}\) x 100
  • B. \(\frac{\text{Index of exportable}}{\text{Index of importable}}\) x 100
  • C. \(\frac{\text{Index of visible imports}}{\text{Index of visible exports}}\) x 100
  • D. \(\frac{\text{Index of export prices}}{\text{Index of import prices}}\) x 100
View Answer & Discuss (5) JAMB 1992
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