Jamb Economics 2001 Past Questions and Answers

Question 41:

• JAMB 2001

National debts is an expected outcome of?

A. Deficit budget
B. Consolidation budget
C. Balanced budget
D. Surplus budget

Question 42:

• JAMB 2001

The distribution channel that contributes most to the cost of production is?

A. Producer-wholesaler-consumer
B. Producer-retailer-consumer
C. Producer-retailer-wholesaler-consumer
D. Producer-wholesaler-retailer-consumer

Question 43:

• JAMB 2001

Money may not be accepted as a store of value if?

A. Its value is unstable
B. It is easily transferable
C. Its value is stable
D. It is easily divisible

Question 44:

• JAMB 2001

In order to accelerate economic development, a country must?

A. Stimulate her population growth rate
B. Pursue a high population growth rate
C. Pursue a rational population policy
D. Pursue an incremental population policy

Question 45:

• JAMB 2001

If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?

A. 0.4%
B. 40.0%
C. 10.0%
D. 4.0%