Indicators of growth and development - Jamb Economics Past Questions and Answers

Question 16:

• JAMB 2002

Some of the key indicators of underdevelopment in a country are?

A. Poverty, high level of literacy and low income
B. Poverty, low level of literacy and low income
C. Low level of illiteracy, low income and poverty
D. Poverty, low incoe and low unemployment level

Question 17:

• JAMB 2003

To compare the standard of living among nations, the most widely used economic indicator is the

A. Real gross national income
B. Real domestic output
C. Real per capita income
D. Per capita nominal income

Question 18:

• JAMB 2008

A good indicator of economic development is an increase in

A. Gross national product
B. Per capital income
C. Real national income
D. Real per capital income

Question 19:

• JAMB 2009

The major reason why countries strive to achieve optimum growth is to

A. Be self-sufficient
B. Raise general living standards
C. Raise the level of production
D. Reduce aggregate expenditure

Question 20:

• JAMB 2011

An indicator of growth in an economy over a period of time is the

A. GDP gap
B. GDP at factor cost
C. GDP at market price
D. GDP deflator