Economics 1994 Jamb Past Questions and Answers

Question 36 :

• JAMB 1994

The national income of a country indicates that the gross domestic production was N17 700 million and gross domestic product was N16 800 million. The difference of N900 million represents?

A. Debt repayment
B. Investments abroad
C. Net income from abroad
D. Capital consumption

Question 37 :

• JAMB 1994

One of the ways by which the government can speed up economic development is through the?

A. Increase in consumption pattern of the people
B. Encouragement of savings, investment and equitable distribution of goods and services
C. Increase in the rate of population growth so as to ensure that the country has a large labour force
D. Encouragement of importation of raw materials to produce consumer goods

Question 38 :

• JAMB 1994

A sustained increase in the production of goods and service in a country is called economic?

A. Development
B. Growth
C. Diversification
D. Planning

Question 39 :

• JAMB 1994

If national income rises by 6% and population rises by 3%, per capita income will?

A. Rise by 6 percent
B. Fall by 3 percent
C. Fall by 6 percent
D. Rise by 3 percent

Question 40 :

• JAMB 1994

One of the techniques for rectifying a deficit balance of payment is?

A. Import promotion
B. Devaluation
C. Physical intervention
D. Borrowing from abroad