National Income measurements and their problems - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 2014

If the national income is 60m, the contribution of the manufacturing sector is

A. 18m
B. 17m
C. 12m
D. 9m

Question 12:

• JAMB 1978

Disposable income is the same thing as

A. Personal income minus personal savings
B. Personal inome minus taxes
C. National income minus depriciation
D. Exports minus imports
E. Savings plus investments

Question 13:

• JAMB 1979

The proportion of currency in the money supply

A. Is higher in developing countries than advanced countries
B. Is lower in developing countries than advanced countries
C. Is the same in both developing and advanced countries
D. Grows as the economy develope
E. None of the above

Question 14:

• JAMB 1979

Disposable income equals

A. Personal income less business profits
B. Personal inome minus taxes and subsidies
C. National income less borrowing from abroad
D. National income plus transfer of payments
E. Personal income less taxes plus subsidies

Question 15:

• JAMB 1979

The pre-dominance of non-working housewives and maids in West Africa

A. Will understate the national income of the countries
B. Will overstate the national income of the countries
C. Will lead to constant per capita income over the years
D. Will lead to balance of payment deficits
E. Will cause unfavourable terms of trade