Jamb Economics Past Questions and Answers

Question 1991:

• JAMB 2010

The amount of labour hired depends on the

A. Number of skilled labour available
B. Skill of labour
C. Marginal productivity of labour
D. Price of the inputs

Question 1992:

• JAMB 2010

What is the population growth rate in 2003?

A. 33.3%
B. 20.0%
C. 11.0%
D. 50%

Question 1993:

• JAMB 2010

The percentage of working population in 2002 is?

A. 50%
B. 25%
C. 8%
D. 80%

Question 1994:

• JAMB 2010

if \(\bar{x}\) = 6 and N = 6, determine the value of ∑fx

A. 36
B. 12
C. 1
D. 72

Question 1995:

• JAMB 2011

An effective way of controlling inflation in a mixed economy is to

A. Increase productivity
B. Reduce income tax
C. Ration available output
D. Increase imports