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Economics Past Questions

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4411

Which of the following industries will add more value to primary products?

  • A. Service industry
  • B. Construction industry
  • C. Mining industry
  • D. Processing industry
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4412

Gross National Product (GNP) less the provision for the wear and tear of assets is the

  • A. net present value
  • B. net national product
  • C. net factor income
  • D. net indirect taxes
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4413

An example of transfer payments in national income accounting is

  • A. money transferred to another country
  • B. unemployment allowance paid to the citizens
  • C. the amount paid to a worker on transfer
  • D. transfer of funds from one bank to another
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4414

Increasing national income without effective control of population size in a country can lead to

  • A. higher per capita income
  • B. increase in poverty
  • C. increased outflow of aid
  • D. underutilization of resources
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4415

An example of commodity money is

  • A. currency note
  • B. mobile money
  • C. cheques
  • D. silver
View Answer & Discuss JAMB 2022
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