Jamb Economics 1989 Past Questions and Answers

Question 41:

• JAMB 1989

The group of people engaged in banking or insurance services by occupational distributions are classified as?

A. Primary producers
B. Secondary producers
C. Tertiary producers
D. Technical producers

Question 42:

• JAMB 1989

The difference between gross national product and net national product is equal to?

A. Gross investment
B. Net investment
C. Net foreign income
D. Capital depreciation

Question 43:

• JAMB 1989

The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the?

A. Gross national product
B. Disposable income
C. National income
D. Gross domestic product

Question 44:

• JAMB 1989

If C stands for consumption expenditure, I for investment, X for exports, and M for imports, then national income is?

A. C + I + X + M
B. C + I +X - M
C. C + I - X + M
D. C + I + X

Question 45:

• JAMB 1989

A sustained increase in the per capita income of a country over a period of time is called?

A. Economic growth
B. Economic development
C. Structural change
D. Stagflation