Jamb Economics 1983 Past Questions and Answers

Question 1:

• JAMB 1983

Which of the following is NOT include in measuring national income by the income approach?

A. Wages and salaries of public servant
B. Student grants and scholarship
C. Profit of companies
D. Income earned by self employed persons such as lawyers
E. Rents on property

Question 2:

• JAMB 1983

Which of the following is NOT include in measuring national income by the income approach?

A. Wages and salaries of public servant
B. Student grants and scholarship
C. Profit of companies
D. Income earned by self employed persons such as lawyers
E. Rents on property

Question 3:

• JAMB 1983

A downward sloping demand curve intersect a fixed supply curve, A shift of this demand curve to the right implies that?

A. Both price and quantity will increased
B. Only price increases
C. Only quantity increases
D. The price remains constant
E. The price falls

Question 4:

• JAMB 1983

Which of the following items is NOT an argument for locating industries in rural areas?

A. Rural areas supply agricultural raw material
B. The pace of development will be quickened in rural areas
C. Employment will be provided for rural inhabitants
D. Capital is easily available in rural areas
E. Suitable humid climate is sometimes found in rural areas

Question 5:

• JAMB 1983

The natural growth rate of a population is the

A. Sum of the birth rate and the death rate
B. Sum of the birth rate and the net migrate rate
C. Birth rate minus death rate
D. Birth rate divided by the net migration
E. Death rate minus the net imgration