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Economics 2005 JAMB Past Questions

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6
A discount house is a market where
  • A. various bills are exchanged
  • B. short-term and medium-term loans are obtained
  • C. shares are bought and sold
  • D. short-term loans are obtained
View Answer & Discuss (3) JAMB 2005
7
Idle cash balances are held for
  • A. planned purchases
  • B. the purchase of bonds
  • C. the purchase of shares
  • D. unplanned purchases
View Answer & Discuss (2) JAMB 2005
8
In a particular year, the sum of the value added in each sector of the economy was N4550 million
The amount represents the GNP measured by the
  • A. factor-price approach
  • B. output approach
  • C. income approach
  • D. expenditure approach
View Answer & Discuss JAMB 2005
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9
Population density is described as the
  • A. average number of people per square kilometre
  • B. average number of people in a country
  • C. total population excluding migration
  • D. total population including net migration
View Answer & Discuss JAMB 2005
10
The short-run inelasticity of supply of agricultural produce causes
  • A. stability in prices
  • B. a steady rise in prices
  • C. a steady decline in prices
  • D. instability in prices
View Answer & Discuss (1) JAMB 2005
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