Question 291:

• JAMB 2015

The income of an individual increases from N150 to N250 and his consumption rate increases from N100 to N150. Calculate the Marginal Propensity to Consume

A. 2
B. 0.4
C. 1
D. 0.5

Question 292:

• JAMB 2015

The term of trade can be expressed as

A. (Price index of export à· Price index of export)à— 100
B. (price index of import ÷ price index of export) × 100
C. (Price index of export à· Price index of import)à— 100
D. (Price index of export à· Price index of import)à— 100

Question 293:

• JAMB 2015

The study of broad economic aggregates is

A. Macro economics
B. Deductive method of economic analysis
C. Micro economics
D. Inductive method of economics analysis

Question 294:

• JAMB 2015

Find the range in the following data 9, 15, 6, 20, 24, 18, 12, 8, 20, 10, 5.

A. 24
B. 5
C. 19
D. 12

Question 295:

• JAMB 2015

All the following are properties of an indifference curves except

A. It can intersect
B. It slopes downward from left to right like that of a normal demand curve
C. As it shift rightward it indicate higher and higher level of satisfaction
D. It does not intersect