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Economics 2011 JAMB Past Questions

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21

A country achieves economic development when there is

  • A. an increase in military expenditure
  • B. an increase in capacity utilization
  • C. a sustained increase in per capital income
  • D. an even distribution of goods and services
View Answer & Discuss (2) JAMB 2011
22

An indicator of growth in an economy over a period of time is the

  • A. GDP gap
  • B. GDP at factor cost
  • C. GDP at market price
  • D. GDP deflator
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23
A country embarks on deficit financing in order to
  • A. increase revenue
  • B. reduce aggregate demand
  • C. curb inflation
  • D. stimulate investment
View Answer & Discuss (4) JAMB 2011
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24
The import-substitution strategy of industrialization is to encourage
  • A. domestic production
  • B. large-scale production
  • C. importation
  • D. exportation
View Answer & Discuss (3) JAMB 2011
25

Upstream oil activities involve the

  • A. management of pollution
  • B. marketing of refined products
  • C. exploration of crude oil
  • D. refining of crude oil
View Answer & Discuss (2) JAMB 2011
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