Jamb Economics 1992 Past Questions and Answers

Question 36:

• JAMB 1992

In national income accounting, aggregate saving in any year is defined as?

A. All disposable income not spent on consumption
B. All savings deposits in all banks during the year
C. All savings and time deposits in all banks during the year
D. The value of inventory change for the year

Question 37:

• JAMB 1992

Which of the following combinations is a veritable set of development indicators?

A. Growth of governemnt expenditure and imports
B. Growth of population and national income
C. High fertility, literacy and school enrolment rates
D. Low infant mortality and high per capital income and literacy rates

Question 38:

• JAMB 1992

Which of the following combinations is a veritable set of development indicators?

A. Growth of governemnt expenditure and imports
B. Growth of population and national income
C. High fertility, literacy and school enrolment rates
D. Low infant mortality and high per capital income and literacy rates

Question 39:

• JAMB 1992

If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?

A. The size of population
B. Technical progress
C. The environment
D. The amount of natural resources

Question 40:

• JAMB 1992

If a country has a balance of payment crisis, which of the following measures can best bring about a improvement in the short run?

A. Large-scale importation of foreign goods
B. Investment in capital market abroad
C. Large-scale export of locally made abroad
D. Repayment of debt to her creditors