Types Of Inflation - Economics Jamb Past Questions and Answers

Question 6 :

• JAMB 1984

Cost push inflation takes place due to?

A. The rapid increase in the demand for goods
B. An increase in productivity of the factors of production
C. A rise in the cost of production
D. A rise in the standard of living
E. The low wage rate of the workers

Question 7 :

• JAMB 1986

Which of the following causes of inflation is related to demand-pull inflation?

A. Low productivity on farms and in firms
B. Poor storage facilities
C. Poor distribution system
D. Increase in expenditure on construction

Question 8 :

• JAMB 1989

Cost-push inflation is caused by?

A. Growth of government expenditure
B. Increase in factor prices
C. Increase in money supply
D. Hoarding

Question 9 :

• JAMB 1994

Inflation n the Nigeria economy may be fueled by increase in?

A. The dollar price of crude oil
B. The sale of company shares
C. Government expenditure
D. Sale of government bonds

Question 10 :

• JAMB 1997

Which of the following is inflationary?

A. An increase in taxation
B. An increase in savings
C. A decrease in money supply
D. An increase in government expenditure