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Economics 1997 JAMB Past Questions

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46
The current stage of the economy is depicted in curve 1. Point P suggests that the economy is
  • A. reaching full employment but not full prodduction
  • B. attaining full production but not full employment
  • C. under capitalized
  • D. attaining both full employment and full production
View Answer & Discuss JAMB 1997
47
The movement of curve I to ll suggests
  • A. an improvement in capital goods technology but not in consumer goods technology
  • B. a movement from unemployment to full employment
  • C. that the output for the society has declined
  • D. a gain in consumer goods technique and not in capital goods technique
View Answer & Discuss JAMB 1997
48
From the diagram above, the quantity of output is determined by the point
  • A. M
  • B. N
  • C. H
  • D. F
View Answer & Discuss JAMB 1997
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49
In the diagram below, the curve which represents firm's short-run average variable cost is curve
  • A. l
  • B. ll
  • C. lll
  • D. IV
View Answer & Discuss (1) JAMB 1997
50
Given that at the beginning of 1973, Nigeria with a birth rate of 3% per annum had a population of 75million. This implied that in that year
  • A. The population increased by 2.25million
  • B. There were 2.25 million live births
  • C. The government have to make provisions for 2.25 million children
  • D. 2.25 million - children were born
View Answer & Discuss (2) JAMB 1997
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