Factors affecting growth and development - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1988

An increase in an economy's productive capacity implies?

A. An increase in the economy's rate of capital replacement
B. An increase in the economy's capital stock
C. A decrease in government spending
D. An increase in government spending

Question 7:

• JAMB 1991

A major obstacle to economic development is?

A. A rise in industrial output
B. Low farm productivity
C. Free trade
D. Ineffective trade unions

Question 8:

• 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 9:

• 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 10:

• 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