Jamb Economics 2008 Past Questions and Answers

Question 26:

• JAMB 2008

An example of an indirect tax is

A. Profit tax
B. Sales tax
C. Capital gain tax
D. Poll tax

Question 27:

• JAMB 2008

A good indicator of economic development is an increase in

A. Gross national product
B. Per capital income
C. Real national income
D. Real per capital income

Question 28:

• JAMB 2008

Economic growth takes place when there is an increase in

A. Savings over time
B. Investment over time
C. Population over time
D. Output over time

Question 29:

• JAMB 2008

One of the effects of instability in farmer's income in Nigeria is

A. Lack of infrastructural facilities
B. Rural-urban migration
C. Inadequate supply of fertilizer
D. Low level of technology

Question 30:

• JAMB 2008

A major impediment to the development of agriculture in Nigeria is

A. Land use system
B. Inadequate supply of farm inputs
C. Low income of farmers
D. Limited research on seedlings