Jamb Economics 1998 Past Questions and Answers

Question 31:

• JAMB 1998

If a country's national income increased from N1000 billion over a period of 2 years, what was the average annual rate of growth of national income over the period?

A. 5%
B. 15%
C. 20%
D. 100%

Question 32:

• JAMB 1998

A fall in the marginal propensity to save will lead to?

A. A decrease in national income
B. An increase in national income
C. No change in national income
D. An increase in disposable income

Question 33:

• JAMB 1998

The major objective of economic growth is to?

A. Redistribute income and other benefits of growth
B. Equalize opportunities for education and employment
C. Increase the aggregate expenditure on goods and services
D. Increase real per capital income

Question 34:

• JAMB 1998

Which of the following is a transfer payment?

A. Dividend to a shareholder
B. Gift to a mothers less babies' home
C. Salary to a worker
D. Rent to a landlord

Question 35:

• JAMB 1998

The family Support Programme in Nigeria essentially focuses on?

A. The generation of employment
B. The alleviation of poverty
C. Agricultural and industrial development
D. Economic emancipation of women