National Income - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 2019

Given the table, if the total budget of the country to be 100 million naira, what is the ratio of expenditure on manufacturing to agriculture?

A. 1:2
B. 3:2
C. 2:1
D. 2:3

Question 7:

• JAMB 2019

A country's budget allocation to various sectors of the economy is shown in the pie chart .
What is the ratio of expenditure of health to Agriculture?

A. 2:3
B. 3:4
C. 4:3
D. 5:4

Question 8:

• JAMB 2019

A country's budget allocation to various sectors of the economy is shown in the pie chart .

If the budget of the country was $7,200.00, how much is allocated to education?

A. $2,400.00
B. $2,000.00
C. $1,200.00
D. $1,000.00

Question 9:

• JAMB 2019

Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income?

A. N20m
B. N380m
C. N200m
D. N180m

Question 10:

• JAMB 2019

In an open economy, the GNP is measured as_____________?

A. C + 1 + G(X-M)
B. C + 1 + G
C. C + 1 + G + X
D. C + 1 + G + M