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Economics Past Questions

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3291
A reduction in the bank rate encourages commercial banks to create money by
  • A. Decreasing the interest rate
  • B. maintaining the interest rate
  • C. Doubling the interest rate
  • D. Raising the interest
View Answer & Discuss (2) JAMB 2007
3292
Corrections in the GNP figures for price changes require the use of a
  • A. Retail price index
  • B. Producer price index
  • C. Price index
  • D. Price deflator
View Answer & Discuss (3) JAMB 2007
3293

In the circular flow of income model, the outflow variables represent

  • A. Income
  • B. Expenditure
  • C. Injections
  • D. Leakages
View Answer & Discuss (2) JAMB 2007
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3294

Life insurance companies contribute to economic development by holding a part of their assets in

  • A. Long-term financial instruments
  • B. Equipment
  • C. Cash and near money
  • D. Money-market instruments
View Answer & Discuss JAMB 2007
3295

One way of solving the problem of double counting is by

  • A. Value-added method
  • B. Income method
  • C. Output method
  • D. Expenditure method
View Answer & Discuss (1) JAMB 2007
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