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Economics 2017 JAMB Past Questions

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NECO offline past questions - All questions, answers & explanations in one app 25712
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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16
Given that ∑fx = 340 and N = 20, find the arithmetic mean.
  • A. 20
  • B. 17
  • C. 32
  • D. 9
View Answer & Discuss (1) JAMB 2017
17
One of the reasons why Nigeria is a mono-economy is because of her _______
  • A. huge volume of petroleum activities in the country
  • B. diversification system of economic activities
  • C. high demand for foreign commodities
  • D. high rate of unemployment
View Answer & Discuss JAMB 2017
18

Given that the total production of Bandako farmers with one worker is 10kg. When the workers increased to 2, 3, and 4, the total production increases to 20, 36 and 60kg respectively.

Calculate the average product (AP) of the 4th unit of labour.

  • A. 20
  • B. 13
  • C. 15
  • D. 10
View Answer & Discuss (3) JAMB 2017
NECO offline past questions - All questions, answers & explanations in one app 25712
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
19
Which of the following is NOT an instrument in the money market?
  • A. Treasury bill
  • B. Bill of exchange
  • C. Stocks and shares
  • D. Call money fund
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20

Given that Qd = 10 - 2p while Qs = 5 + 3P, if P = N 1 determine the equilibrium quantity

  • A. 7
  • B. 6
  • C. 5
  • D. 8
View Answer & Discuss (2) JAMB 2017
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts