Economics Past Questions and Answers

Question 4771:

• JAMB 2023

Part-time workers who desire full-time employment are:

A. Underemployed and contribute to the unemployment statistic
B. Underemployed but do not contribute to the unemployment statistic
C. Not part of the labour force and do not contribute to the unemployment statistic
D. Cyclical unemployment

Question 4772:

• JAMB 2023

Which of the following is the resultant effect of a fall in the profit margin of producers in an economy?

A. Unemployment will fall
B. Unemployment will remain constant
C. Unemployment will increase
D. Unemployment will fluctuate

Question 4773:

• JAMB 2023

Indicator of underdevelopment is

A. High life expectancy
B. Low birth rate
C. Low population growth rate
D. Low per capita income

Question 4774:

• JAMB 2023

The decision to consume more of one product under normal circumstances will apply

A. Less of another product will be consumed
B. More of another product will be consumed
C. Less of the product will be consumed
D. No other products will be consumed

Question 4775:

• JAMB 2023

Identify one of the following which can NOT be used to close deflationary gap

A. Increased interest rate
B. Increased money supply
C. Increase government expenditure
D. Reduction in taxes