Jamb Economics 2023 Past Questions and Answers

Question 41:

• JAMB 2023

One major problem facing West African countries is

A. Relations with Colonial Masters
B. Joint Military operations in Member States
C. Political integration
D. Financial crunch of Member States

Question 42:

• JAMB 2023

The development of an economic hypothesis through intuition, insight, or logic is associated with

A. Deduction
B. Policy economics
C. Normative economics
D. Induction

Question 43:

• JAMB 2023

A major factor contributing to productivity is

A. Immigration of young workers
B. The labour force
C. The baby boom of generation
D. The rate of GDP per year

Question 44:

• JAMB 2023

.............is presently used in Nigeria to measure inflation

A. GNP implicit price deflator
B. Consumer price index
C. Wholesale price index
D. Real Gross Domestic Product

Question 45:

• JAMB 2023

The fundamental problem of is

A. Finding striking determinants between the forces of supply and demand
B. The scarcity of productive resources relative to society's unlimited wants
C. The establishment of a political framework to determine the what, how and for whom of production
D. To establish an equitable distribution of income