Economic Growth and Development - Jamb Economics Past Questions and Answers

Question 16:

• JAMB 1984

Given the present state of the Nigerian economy, which of the following measures will promote a more rapid economic development?

A. Complete dependence on oil exports
B. Concentration on agricultural exports
C. Diversification of the economy
D. Building of more schools and universities
E. Introduction of nuclear energy in Nigeria

Question 17:

• JAMB 1985

Which of the following is NOT a feature of underdevelopment?

A. Low per capita income
B. Vicious circle of poverty
C. Low level of industrialization
D. Greater dependence on primary production
E. High per capita income

Question 18:

• JAMB 1985

How many National Development Plans did Nigeria have between 1960 and 1984?

A. One
B. Two
C. Four
D. Five
E. Six

Question 19:

• JAMB 1985

If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to

A. Technical progress
B. Size of the population
C. Amount of natural resources
D. The environment
E. The quality of human resources

Question 20:

• JAMB 1986

A society which forgoes present consumption

A. Is forced to do so because of excessive consumption within the country in the past
B. Is devoting new resources to new capital formation
C. Is merely devoting resources to the replacement of capital
D. Expects to consume only that amount tomorow which was forgone today