Jamb Economics 1987 Past Questions and Answers

Question 41:

• JAMB 1987

Transfer payment are

A. Transfer earnings
B. Money transferred from one country to another
C. Unearned income
D. Payment transferred from one account to another

Question 42:

• JAMB 1987

Capital consumption allowance refers to?

A. Personal consumption expenditure
B. Indirect business taxes
C. Depreciation of capital equipment
D. Expenditure on capital equipment

Question 43:

• JAMB 1987

The difference between personal income and personal disposal income is?

A. Personal income tax
B. Investment income
C. Personal savings
D. Consumption expenditure

Question 44:

• JAMB 1987

Frictional unemployment?

A. Is total unemployment minus structural unemployment
B. Occurs when the unemployed are persons with specific training
C. Occurs when the number of job seekers exceeds the number of vacancies
D. Occurs when people are changing jobs

Question 45:

• JAMB 1987

For the improvement of the welfare of a people, a high production level is not enough because

A. The have-nots deserve more than a fair share
B. Equitable distribution is necessary
C. Production efficiency is vital
D. Savings in the country must be guaranteed at more than 50 percent of income earned.