Question 591:

• JAMB 1982

To calculate the annual natural growth rate of a country's population, one has to know the country's annual birth rate and

A. The size of that country
B. The rate of immigration into that country
C. The population census of that country
D. The annual death rate
E. The gross domestic product annual(GDP) of that country

Question 592:

• JAMB 1982

We can classify the people of Nigeria into three broad age group :Group one, 0-15years ; Group Two,16-64years; Group Three, 65years and above. Group Two is the most important economically because

A. It is the dependent population of Nigeria, economically
B. All student in Nigeria are in this group
C. More than 50% of all Nigerians are in this group
D. It is the most expensive group of the economy
E. It is the productive group of the economy

Question 593:

• JAMB 1982

In the study of Economics, land, labour, capital and entrepreneur are referred to as factors of production. These factors produce commodities only if they are?

A. Profitable to the production process
B. Purchased for the purpose of production
C. Combined in the production process
D. Provided adequately for the production process
E. Brought into the factory

Question 594:

• JAMB 1982

The supply of and demand for goods and services are influenced by the?

A. Supermarkets
B. Entrepreneurs
C. Mechanism of the law
D. Mechanism of equilibrium
E. Price mechanism

Question 595:

• JAMB 1982

The control price for a carton of beer in Nigeria is N7.20. But a carton of beer is sold in parts of the country for as much N15.00 The cause of this exorbitant price is that?

A. There is a Government ban on the importation of beer
B. Beer distributors want more profit
C. Nigeria is a large country
D. Middlemen hoard beer
E. The demand for beer exceeds the supply