Meaning and scope of Economic Growth and Development - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 1978

In order to build up its capital stock, the typical less developed country should ideally

A. Increase total saving
B. Depend on hand-out from foreigners
C. Impose tariff on import
D. Nationalise all foreign concern
E. None of the above

Question 2:

• JAMB 1984

Which Of the following is NOT an obstacle to economic development?

A. Low level of investment
B. Lack of modern technology
C. High rate of population growth
D. Low productivity
E. Dedicated leadership

Question 3:

• JAMB 1984

Which of the following is NOT a feature of economic underdevelopment of a country?

A. A large number of High income earners relative to the population
B. High annual income for the few
C. High incidence of poverty
D. Low daily calorie intake per person
E. High infant mortality rate

Question 4:

• JAMB 1984

Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?

A. Complete dependence on oil exports
B. Concentration on agricultural exports
C. Diversification of the economy
D. Building of more schools and universities
E. Introductionn of nuclear energy in Nigeria

Question 5:

• JAMB 1987

Economic development is defined as?

A. Positive change plus growth
B. Avalibility of more goods and services
C. Outward shift of the production possibility curve
D. Growth in the national income