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Economics 2022 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
61

Which of the following factors is not a reason for farmers' unstable incomes?

  • A. dependence on too many crops
  • B. poor storage facilities
  • C. adverse weather conditions
  • D. recession in the world economy
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62

Local firms can help in reducing unemployment in a country when

  • A. land acquisition becomes centralized
  • B. imports of substitutes are reduced
  • C. waste in the firm is eliminated
  • D. subsidies to firms are decreased
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63

The largest component of national income in developing countries consist of

  • A. profit
  • B. profit and rent
  • C. rent
  • D. wages and salaries
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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64

A baker bought flour and other ingredients for S250.00, spent S52.00 on distribution, sold the bread for S320.00. The value added by the baker.

  • A. $302.00
  • B. $52.00
  • C. $18.00
  • D. $622.00
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65

In a country with large population of full-time house wives, national income

  • A. will be composed of goods produced by women
  • B. figures will be grossly over-stated
  • C. statistics will be difficult to calculate
  • D. figures will be grossly under-estimated
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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