Jamb Economics Past Questions and Answers

Question 1921:

• JAMB 2009

A manufacturer who wants to build a new plant will source funds from the

A. Commercial banks
B. Money market
C. Capital market
D. Government

Question 1922:

• JAMB 2009

Cost-push inflation occurs when

A. Production cost is high
B. Factor prices decrease
C. There is too much money in circulation
D. Government embarks on deficit financing

Question 1923:

• JAMB 2009

If government expenditure exceeds revenue, this result in

A. Balanced budget
B. National debt
C. Budget deficit
D. Budget surplus

Question 1924:

• JAMB 2009

The Basic Needs Approach to development is

A. Poverty alleviation
B. Provision of educational infrastructure
C. Provision of health services
D. Improvement in workers income

Question 1925:

• JAMB 2009

If government expenditure exceeds revenue, this result in

A. Balanced budget
B. National debt
C. Budget deficit
D. Budget surplus