Jamb Economics Past Questions and Answers

Question 1891:

• JAMB 2008

Use the data below to answer this questions
54, 36, 62, 79, 83, 36, 62, 42, 62, and 42.
Calculate the mean?

A. 45.5
B. 55.6
C. 55.8
D. 65.8

Question 1892:

• JAMB 2008

Use the data below to answer this questions
54, 36, 62, 79, 83, 36, 62, 42, 62, and 42.
What is the modal score?

A. 36
B. 42
C. 54
D. 62

Question 1893:

• JAMB 2008

Use the information below to answer this question.
Given that Q _d = 20 - 4P and Q = 6P + 12
Determine the equilibrium quantity

A. 14.2
B. 16.8
C. 20.8
D. 30.2

Question 1894:

• JAMB 2008

Use the information below to answer this question.
Given that Q _d = 20 - 4P and Q = 6P + 12
If price is increased to N3, how much is the excess supply?

A. 30
B. 22
C. 12
D. 8

Question 1895:

• JAMB 2008

One of the factors affecting the supply of manufactured goods is

A. Weather
B. Technology
C. Consumer tastes
D. Availability of inputs