Meaning and scope of Economic Growth and Development - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1989

A sustained increase in the per capita income of a country over a period of time is called?

A. Economic growth
B. Economic development
C. Structural change
D. Stagflation

Question 7:

• JAMB 1993

Since the mid-1980s, the most disturbing development in the industrial sector in Nigeria is?

A. Labour intensity
B. Capital intensity
C. Poor technology
D. Capacity under-utilization

Question 8:

• JAMB 1993

Economic development is distinguishable from economic growth because the former?

A. Is not concerned with growth parameters
B. Affects only the poor people
C. Also includes an efficient distribution of economic growth
D. Is an increase in the production of goods and services

Question 9:

• JAMB 1994

A sustained increase in the production of goods and service in a country is called economic?

A. Development
B. Growth
C. Diversification
D. Planning

Question 10:

• JAMB 1997

The most important factor ensuring economic development is the?

A. Effective mobilization of domestic savings
B. Presence of foreign capital
C. Formulation of appropriate government policies
D. Attraction of foreign aids and grants