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Meaning And Scope Of Economic Growth And Development - Economics Jamb Past Questions and Answers

Economics Questions And Answers On Meaning And Scope Of Economic Growth And Development
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Economics Jamb Past Questions


Questions and Answers on Meaning and scope of Economic Growth and Development

Question 6 :



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 :



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 :



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 :



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 :



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






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