Economic Growth and Development - Jamb Economics Past Questions and Answers

Question 51:

• 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

Question 52:

• JAMB 2006

Economic growth can be accelerated through

A. Excess current consumption
B. Excess consumption over investment
C. Increased current consumption
D. Increased current investment

Question 53:

• JAMB 2008

A good indicator of economic development is an increase in

A. Gross national product
B. Per capital income
C. Real national income
D. Real per capital income

Question 54:

• JAMB 2008

Economic growth takes place when there is an increase in

A. Savings over time
B. Investment over time
C. Population over time
D. Output over time

Question 55:

• JAMB 2009

The Basic Needs Approach to development is

A. Poverty alleviation
B. Provision of educational infrastructure
C. Provision of health services
D. Improvement in workers income