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Economics 1999 JAMB Past Questions

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26
National income at factor cost means national income at?
  • A. current prices
  • B. nominal prices
  • C. last year prices
  • D. base year prices
View Answer & Discuss JAMB 1999
27
The value of the multiplier depends on?
  • A. MPC and level of income
  • B. level of personal income
  • C. level of personal savings
  • D. government policy and MPC
View Answer & Discuss (1) JAMB 1999
28
One of the major problems of product distribution in most developing countries is?
  • A. lack of storage facilities
  • B. large number of middlemen
  • C. inadequate manpower
  • D. inadequate means of transportation
View Answer & Discuss JAMB 1999
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29
Non-bank financial intermediaries do not?
  • A. provide credit facilities
  • B. accept deposits
  • C. accept demand deposits
  • D. sell shares
View Answer & Discuss JAMB 1999
30
Inflation which is caused mainly increases in the prices of factors of production is described as?
  • A. cost-push inflation
  • B. demand-pull inflation
  • C. crawling inflation
  • D. spiral inflation
View Answer & Discuss JAMB 1999
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