Jamb Economics Past Questions and Answers

Question 126:

• JAMB 2019

The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________

A. Deflation
B. Inflation
C. Devaluation
D. Revaluation

Question 127:

• JAMB 2019

X	8	10	12	16	18	20	24
F	2	1	4	3	3	1	6

From the table, Calculate the median___________

A. 24.0
B. 17.0
C. 18
D. 16

Question 128:

• JAMB 2019

The expression of cost in terms of alternative forgone is referred to as ____?

A. Scarce resources
B. Decision making
C. Opportunity cost
D. Choice

Question 129:

• JAMB 2019

The full meaning of NAPEP is?

A. National Poverty Eradication Programme
B. National Agency for Poverty and Education Program
C. National Air Pollution and Environmental Purification
D. None of the above

Question 130:

• JAMB 2019

Taxes and government expenditures are instruments of____________

A. Monetary policy
B. Tax policy
C. Economic policy
D. Fiscal policy