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Economics 2006 JAMB Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1
If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by
  • A. N4.0 milion
  • B. N25. 0 milion
  • C. N2.5 milion
  • D. N15.0 milion
View Answer & Discuss (8) JAMB 2006
2
Personal income tax as a source of government revenue is increased when the
  • A. tax rate is raised
  • B. tax system is proportional
  • C. retirement age is reduced
  • D. tax base is contracted
View Answer & Discuss JAMB 2006
3
In computing national income, transfers are excluded because
  • A. they are received only by the poor
  • B. the figures reduce the size of national income
  • C. it is difficult to get the exact figures
  • D. they are not payments for productive activities
View Answer & Discuss JAMB 2006
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4
The major role of NDIC is to
  • A. insure bank deposits
  • B. regulate the activities of insurance companies
  • C. ensure adequate capitalization of insurance companies
  • D. accept customers' deposit
View Answer & Discuss (1) JAMB 2006
5
When the federal government guarantees a loan for a state government, such a loan constitutes
  • A. a public debt
  • B. a transferred debt
  • C. a private debt
  • D. an inter-governmental debt
View Answer & Discuss (3) JAMB 2006
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