Economic Growth and Development - Jamb Economics Past Questions and Answers

Question 56:

• JAMB 2009

The major reason why countries strive to achieve optimum growth is to

A. Be self-sufficient
B. Raise general living standards
C. Raise the level of production
D. Reduce aggregate expenditure

Question 57:

• JAMB 2010

National development plans in Nigeria fail mainly because of

A. Overdependence on foreign aids
B. Inadequate funding of projects
C. Poor implementation strategies
D. Shortage of skilled manpower

Question 58:

• JAMB 2011

A country achieves economic development when there is

A. An increase in military expenditure
B. An increase in capacity utilization
C. A sustained increase in per capital income
D. An even distribution of goods and services

Question 59:

• JAMB 2011

An indicator of growth in an economy over a period of time is the

A. GDP gap
B. GDP at factor cost
C. GDP at market price
D. GDP deflator

Question 60:

• JAMB 2012

Rapid economic development in Nigeria is realizable by

A. Continuous dependence on oil
B. Concentrating more on agriculture
C. Developing the tourism industry
D. Diversifying the economy