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Economics 2004 JAMB Past Questions

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6
In an open economy, the GNP is measured as
  • A. C+I+G+X
  • B. C+I+G+(X-M)
  • C. C+I+G+M
  • D. C+I+G
View Answer & Discuss JAMB 2004
7
The capital market provides business firms with the avenue to
  • A. lease capital equipment
  • B. obtain long-term funds
  • C. obtain short-term funds
  • D. purchase capital equipment
View Answer & Discuss JAMB 2004
8
Which financial institution is charged with the formulation of monetary polices in Nigeria?
  • A. The Central Bank of Nigeria
  • B. The Nigeria Deposit Insurance Corporation
  • C. The Abuja Commodity Exchange
  • D. The Lagos Stock Exchange
View Answer & Discuss JAMB 2004
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9
GDP differs from GNP because GDP
  • A. is inclusive of depreciation
  • B. emphasizes the final goods and service produced within the country at a particular period
  • C. emphasizes the goods and services within the country
  • D. emphasizes the market value of all final goods and services produced by nationals
View Answer & Discuss JAMB 2004
10
The distinction between perfect competition and monoplistic competition is that the latter is characterized by
  • A. a single market price
  • B. many buyers and sellers
  • C. product differentiation
  • D. homogeneity of product
View Answer & Discuss (4) JAMB 2004
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