Economic Growth and Development - Jamb Economics Past Questions and Answers

Question 46:

• JAMB 2003

To compare the standard of living among nations, the most widely used economic indicator is the

A. Real gross national income
B. Real domestic output
C. Real per capita income
D. Per capita nominal income

Question 47:

• JAMB 2003

An important factor hindering the rapid development of the industrial sector in Nigeria is

A. Rural-urban migration
B. Excessive demand for finished products
C. Inadequate infrastructural facilities
D. The dominace of the oil sector

Question 48:

• JAMB 2004

A major reason for having national development plans is to

A. Ensure efficient use of available resources
B. Involve people in national programmes
C. Make government spend more on production
D. Ensure that more citizens are involved in planning

Question 49:

• JAMB 2005

The problem of planning in Nigeria is mainly in the

A. Implementation of the plans
B. Appraisal of the plans
C. Allocation of scarce resources
D. Articulation of the plans

Question 50:

• JAMB 2005

Economic growth is different from economic development because economic growth

A. Describes expansion and change
B. Is measurable but not objective
C. Describes expansion and not change
D. Is not measurable but objective