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Economics Past Questions

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2601
What is the growth rate of GNP?
  • A. 18%
  • B. 10%
  • C. 6.7%
  • D. 0.5%
  • E. 4.1%3
View Answer & Discuss (5) JAMB 1982
2602

Use the table above to answer the question below

What is the growth rate of employment?

  • A. 18%
  • B. 10%
  • C. 6.7%
  • D. 5.7%
  • E. 4.1%
View Answer & Discuss (2) JAMB 1982
2603

If income rises from N200.00 to N250.00 and the amount spent on good X fails from N30.00 to N28.00, then good X is

  • A. an income elastic good
  • B. a normal good
  • C. an inferior good
  • D. demand elastic
  • E. supply elastic
View Answer & Discuss (2) JAMB 1982
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2604
What is the market equilibrium price?
  • A. 5.00
  • B. 8.00
  • C. 9.00
  • D. 7.00
  • E. 6.00
View Answer & Discuss (1) JAMB 1983
2605
In the diagram P1 S is a supply curve for a manufactured. it is shows that
  • A. when price is OP1 quantity supplied is infinitely elastic
  • B. the higher the price the greater the quantity supplied
  • C. the higher the price the lower the quantity supplied
  • D. when price is zero quantity supplied becomes infinite
  • E. when price is infinite quantity supplied becomes zero
View Answer & Discuss JAMB 1983
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