Inflation - Jamb Economics Past Questions and Answers

Question 16:

• JAMB 1991

An effect of inflation is that it?

A. Discourages trade by barter
B. Favours debtors at the expense of creditors
C. Increases the real income of salary earners
D. Increases the value of a country's exports

Question 17:

• JAMB 1992

To reduce the high rate of inflation in the economy, the government should?

A. Increase taxes and have a budget surplus
B. Increase taxes and have a budget defilicit
C. Decrease taxes and have a budget defilicit
D. Decrease taxes and have a balance budget

Question 18:

• JAMB 1994

Inflation n the Nigeria economy may be fueled by increase in?

A. The dollar price of crude oil
B. The sale of company shares
C. Government expenditure
D. Sale of government bonds

Question 19:

• JAMB 1995

The best method to curb inflation in Nigeria is to

A. Reduce importation of commodities
B. Increase the general level of production
C. Reduce the volume ofmoney supply
D. Set up price control boards

Question 20:

• JAMB 1997

Which of the following is inflationary?

A. An increase in taxation
B. An increase in savings
C. A decrease in money supply
D. An increase in government expenditure