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Economics 2014 JAMB Past Questions

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41
The major determinant of the total volume of output in an economy is the
  • A. level of total expenditure
  • B. composition of consumer spending
  • C. number of farmers
  • D. size of the labour force
View Answer & Discuss (1) JAMB 2014
42

The labour force of a country is determined by the

  • A. age structure of the population
  • B. geographical distribution of the population
  • C. sex distribution of the population
  • D. number of people available for work
View Answer & Discuss (7) JAMB 2014
43

What is the percentage contribution of services to the national income?

  • A. 15%
  • B. 10%
  • C. 54%
  • D. 24%
View Answer & Discuss (10) JAMB 2014
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44

If the national income is 60m, the contribution of the manufacturing sector is

  • A. 18m
  • B. 17m
  • C. 12m
  • D. 9m
View Answer & Discuss (3) JAMB 2014
45
A combination of factors responsible for a shift from DoDo to D1D1 are
  • A. consumers income and change in technology
  • B. price of the commodity and weather conditions
  • C. consumers income and population size
  • D. consumers taste and change in price
View Answer & Discuss (5) JAMB 2014
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