Jamb Economics 1986 Past Questions and Answers

Question 11:

• JAMB 1986

A country has a population distribution as shown below:
\(\begin{array}{c|c}
\text{Age Group years} & \text{ Corresponding percentage} \\
\text{Above 60} & 22 \\
15 - 60 & 60 \\
0 - 14 & 15 \\
\end{array}\)
The dependency ratio is?

A. 3:2
B. 1:3
C. 2:3
D. 1:5

Question 12:

• JAMB 1986

Population density refers to?

A. Densely populated urban centres
B. The total area divided by the total population
C. Densely populated rural areas
D. The total population divided by the total area

Question 13:

• JAMB 1986

What fundamentally determines how much a consumer spends in a producer's shop?

A. Individual's propensity to consume
B. Level of his taxation
C. Level of his income
D. Individual's taste or fashion

Question 14:

• JAMB 1986

Which of the following statements describes a mixed economy?

A. The government and the private sector interact in solving the basic economic problems
B. The invisible hand solves the basic economic problems
C. The government produces and distributes all goods and services
D. Society answers the 'what', 'how', and 'for whom' questions only through the market system

Question 15:

• JAMB 1986

In drawing an individual's demand curve for a commodity, which of the following is not kept constant? The

A. Individual's money income
B. Price of subtitutes
C. Price of complementary goods
D. Price of the commodity under consideration