Jamb Economics 2015 Past Questions and Answers

Question 21:

• JAMB 2015

The curve labeled III illustrate a system of taxation

A. Regressive tax
B. Progressive tax
C. Value added tax
D. Proportional tax

Question 22:

• JAMB 2015

What would be likely to increase inflation in any economy?

A. Increase in demand
B. Reduce public spending
C. Control excessive import
D. Increase in direct tax

Question 23:

• JAMB 2015

The income of an individual increases from N150 to N250 and his consumption rate increases from N100 to N150. Calculate the Marginal Propensity to Consume

A. 2
B. 0.4
C. 1
D. 0.5

Question 24:

• JAMB 2015

The term of trade can be expressed as

A. (Price index of export à· Price index of export)à— 100
B. (price index of import ÷ price index of export) × 100
C. (Price index of export à· Price index of import)à— 100
D. (Price index of export à· Price index of import)à— 100

Question 25:

• JAMB 2015

The study of broad economic aggregates is

A. Macro economics
B. Deductive method of economic analysis
C. Micro economics
D. Inductive method of economics analysis