National Income - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 2017

Given a consumption function C = 10 + 0.6Y, determine the value of C if Y is 20

A. 36.60
B. 22.00
C. 30.60
D. 26.00

Question 12:

• JAMB 2017

The production within domestic territory of a country is called the _____

A. Net national product
B. Gross domestic product
C. Net income
D. Disposable income

Question 13:

• JAMB 2017

The following are Methods of measuring National Income of a country EXCEPT; ?

A. Expenditure method
B. Consumption method
C. Input Method
D. Output method

Question 14:

• JAMB 2016

If the marginal propensity to save is 0.8, calculate the multiplier?

A. 1.25
B. 5.00
C. 1.30
D. 2.25

Question 15:

• JAMB 2016

One of the major uses of national income statistics in Nigeria is to

A. Equally distribute national income among citizens
B. Determine the total population
C. Compare population growth among nations
D. Estimate per capita income