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Economics 2019 JAMB Past Questions

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11

The arithmetic mean of 5, 8, 10, 15, 24 and 28 is_______

  • A. 145
  • B. 15
  • C. 90
  • D. 6
View Answer & Discuss (1) JAMB 2019
12

A method of analysis that draws conclusions from data rather than general Principles already known is________

  • A. Deductive reasoning
  • B. Inductive reasoning
  • C. Normative reasoning
  • D. Positive reasoning
View Answer & Discuss (4) JAMB 2019
13

The money market equilibrium is defined as_________

  • A. when the demand and supply of money are equal
  • B. when demand is greater than supply of money
  • C. when demand is less than supply of money
  • D. when supply is greater than demand for money
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14

An economic condition in which much reduced economic activity co-exists with inflation is referred to as__________

  • A. stagflation
  • B. inflationary spiral
  • C. slump inflation
  • D. inflationary gap
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15

An Instrument used by the central bank to fix commercial and merchant banks total credit to domestic economy is________

  • A. monetary policy
  • B. fiscal policy
  • C. credit ceiling
  • D. open market operation
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