Jamb Economics 1998 Past Questions and Answers

Question 36:

• JAMB 1998

Economically, underdeveloped countries are characterized by?

A. High rate of population growth and low rate of economic growth
B. High rate of economic growth and low rate of population growth
C. High rate of population growth aand high rate of economic growth
D. Low rate of population growth and low rate of economic growth

Question 37:

• JAMB 1998

One of the major consequences of urban-biased development programmes in Nigeria is that they?

A. Led o rapid rural-urban migration
B. Led to unprecedented urban wealth
C. Transformed rural areas into urban centres
D. Increased the level of specialized manpower inthe cities

Question 38:

• JAMB 1998

Development plans have not been successful in some developing countries largely because of?

A. Very large working population
B. Increase level of consumption
C. Scarcity of industrial raw materials
D. Shortage of skilled labour and experts

Question 39:

• JAMB 1998

The balance of visible trade is the difference between the values of?`

A. Imported and exported goods
B. Imported and exported services
C. Current account and capital account
D. Exchange rate of local and foreign currencies

Question 40:

• JAMB 1998

If a country has a balance of payments surplus on current account, this means that?

A. Total invisible export is greater than invisible import
B. The value of goods exported must be greater than the value of goods imported
C. There must be a positive balance of capital account
D. The aggregate of the balance of trade and the invisible balance must be positive