Question 366:

• JAMB 2014

Wage freeze is a policy measure aimed at

A. Encouraging investors
B. Curbing inflation
C. Regulating standard of living
D. Curbing deflation

Question 367:

• JAMB 2014

A major obstacle to the development of Nigeria economy is

A. Low capital formation
B. Rural-urban migration
C. Over dependence on oil
D. Poor developmental policies

Question 368:

• JAMB 2014

Which of the following can be used to measure the Gross National product in an open economy?

A. C+I+G+(X+M)
B. C+I+G+X
C. C+I+G
D. C+I+G+(X-M)

Question 369:

• JAMB 2014

A monopolist can boost up his revenue by

A. Adjusting both price and output upward
B. Reducing total output to match price
C. Increasing price
D. Reducing price

Question 370:

• JAMB 2014

If MPC = 2/3 and investment is N100 million, the level of national income is

A. N100 million
B. N10 million
C. N303 million
D. N300 million