Join your school's WhatsApp group
NECO offline past questions - All questions, answers & explanations in one app 25712

Economics 2023 JAMB Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Join your school's WhatsApp group
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
6

The "velocity" of money is

  • A. The real money supply divided by the real GDP
  • B. The money supply multiplied by the price level
  • C. The money supply divided by the price level
  • D. The ratio of real GDP to the real money supply
View Answer & Discuss JAMB 2023
7

The part of income after tax that is not consumed is defined as

  • A. Wages and salaries
  • B. Saving
  • C. Capital investment
  • D. Nondurable goods expenditure
View Answer & Discuss JAMB 2023
8

An industry is

  • A. A group of firms producing differentiated products
  • B. A group of firms producing distinct commodities
  • C. A group of firms producing related goods
  • D. A group of firms producing unrelated goods
View Answer & Discuss JAMB 2023
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
9

The type of unemployment that occurs when an individual cannot find job as a result of obsolete skill is

  • A. Structural unemployment
  • B. Cyclical unemployment
  • C. Seasonal unemployment
  • D. Frictional unemployment
View Answer & Discuss JAMB 2023
10

The theory of ............... was propounded by ..................

  • A. Comparative advantage; Mercantilists
  • B. Absolute advantage; Adam Smith
  • C. Comparative advantage; Adam Smith
  • D. Absolute advantage; David Ricardo
View Answer & Discuss JAMB 2023
Start a Free Practice Test
 
Join your school's WhatsApp group
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts