Economics 1998 JAMB Past Questions

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A rise in the market price of fixed interest securities is an indication that the?

A. supply of money has decreased
B. liquidity preference has increased
C. market rate of interest has risen
D. market rate of interest has fallen

View Answer & Discuss JAMB 1998

An increase in government expenditure will lead to?

A. investment opportunities for foreign investors
B. an increase in the level of aggregate demand
C. an increase in total tax revenue
D. reduction in total tax revenue

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When an indirect tax is levied on the producer of a good, the burden on the consumer will depend largely on the?

A. elasticity of demand for the good
B. proportion of the consumer's income spent on the good
C. elasticities of demand and supply of the commodity
D. availability of substitiutes for the commodity

View Answer & Discuss JAMB 1998

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If a government wants to reduce the level of inflation, it will?

A. run a budget surplus
B. run a budget deficit
C. run a balanced budget
D. borrow more money

View Answer & Discuss (5) JAMB 1998

If a country's national income increased from N1000 billion over a period of 2 years, what was the average annual rate of growth of national income over the period?

A. 5%
B. 15%
C. 20%
D. 100%

View Answer & Discuss (1) JAMB 1998

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Economics 1998 JAMB Past Questions

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