Jamb Economics 2012 Past Questions and Answers

Question 41:

• JAMB 2012

In a village of 50 persons, 10 immigrated, 25 died and 5 emigrated in year. Determine the total population

A. 10
B. 20
C. 30
D. 50

Question 42:

• JAMB 2012

A deficit balance of payments is measured by subtracting the debits from the credits in the

A. Current account
B. Current and capital accounts
C. Current and escrow accounts
D. Capital and escrow accounts

Question 43:

• JAMB 2012

One of the functions of ECOWAS is to

A. Provide funds for infrastructural development
B. Determine prices of exports
C. Redistribute income among citizens
D. Provide employment for citizens of member nations

Question 44:

• JAMB 2012

The reward on machinery and equipment in the process of production is known as

A. Profit
B. Interest
C. Rent
D. Wages

Question 45:

• JAMB 2012

The percentage contribution of Agricultural sector is

A. 67.5
B. 40.0
C. 32.4
D. 25.0