Economic Growth and Development - Jamb Economics Past Questions and Answers

Question 61:

• JAMB 2012

The primary reason for desiring economic growth is to

A. Control inflation
B. Reduce poverty
C. Redistribute income
D. Raise standard of living

Question 62:

• JAMB 2013

One of the goals of development plans in Nigeria is to

A. Increase the profitability of multinational businesses
B. Improve the country's GDP
C. Achieve higher standard of living for the citizens
D. Deregulate the economy

Question 63:

• JAMB 2020

One of the major criticism of the 1962 -1968 National Development Plan was that?

A. It failed to incorporate lessons gained from earlier plans to enhance its efficiency
B. It came too quickly after the country's independence
C. Planned expenditure was based too heavily on expected earnings from crude oil
D. Its execution was based largely on foregn-sourced financial resources

Question 64:

• JAMB 2020

Economic growth is different from economic development because economic growth

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

Question 65:

• JAMB 2021

A good measure of the standard of living usually used for international comparison is ____________

A. Per capita income (PCI)
B. Gross national product (GND)
C. Net national income (NNI)
D. Gross domestic product (GDP)