Jamb Economics 1990 Past Questions and Answers

Question 41:

• JAMB 1990

in equilibrium, injections are equal to?

A. Withdrawals
B. Surplus of imports over exports
C. Government spending
D. Wages

Question 42:

• JAMB 1990

Social overhead capital refers to?

A. Balanced growth
B. Gross investment
C. The building of infrastructures
D. Capital formation

Question 43:

• JAMB 1990

The most common index used for measuring development is?

A. The level of literacy
B. Per capita income
C. Nutritional levels
D. Population growth rate

Question 44:

• JAMB 1990

Agriculture is central to Nigeria''s economic development because?

A. Nigeria''s comparative advantage lies mainly in agro-allied industries
B. Agriculture is the largest employer of labour
C. Agriculture accounts for an insignificant domestic product
D. Nigeria earns limitless foreign exchange from agriculture

Question 45:

• JAMB 1990

The flow labelled Y refers to

A. Real income
B. Factor payment
C. Factor input
D. National income