Jamb Economics 2005 Past Questions and Answers

Question 41:

• JAMB 2005

Economic growth is different from economic development because economic growth

A. Describes expansion and change
B. Is measurable but not objective
C. Describes expansion and not change
D. Is not measurable but objective

Question 42:

• JAMB 2005

The factor responsible for the current inflationary pressures in Nigeria is the

A. Exchange rate depreciation
B. Increase in exports
C. Low per capital income
D. Budget surplus

Question 43:

• JAMB 2005

If government increases in its expenditure on public works, the desired effect is

A. A reduction in the use of capital equipment
B. An increase in the level of emploment
C. An increase in the level of inflation
D. An increase in the use of capital equipment

Question 44:

• JAMB 2005

An institution that regulates trade relations among members is the

A. ADB
B. OPEC
C. EU
D. IMF

Question 45:

• JAMB 2005

What is the median quantity?

A. 5kg
B. 6kg
C. 3kg
D. 4kg