Indicators of growth and development - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2014

Given a base year and the price index of 175% the following year, which of the following year will arise?

A. The cost of living decreases of that year
B. The cost of living remains unchanged
C. The value of money rises by 75%
D. The value of money falls by 75%

Question 7:

• JAMB 1980

Which of the following is the standard concept for measuring and analyzing population growth?

A. The rate of natural increase
B. The net migrate
C. The rate of population increase
D. The fertility rate
E. All of the above

Question 8:

• JAMB 1985

Which of the following is NOT a feature of underdevelopment?

A. Low per capita income
B. Vicious circle of poverty
C. Low level of industrialization
D. Greater dependence on primary production
E. High per capita income

Question 9:

• JAMB 1985

If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to

A. Technical progress
B. Size of the population
C. Amount of natural resources
D. The environment
E. The quality of human resources

Question 10:

• JAMB 1987

For the improvement of the welfare of a people, a high production level is not enough because

A. The have-nots deserve more than a fair share
B. Equitable distribution is necessary
C. Production efficiency is vital
D. Savings in the country must be guaranteed at more than 50 percent of income earned.