Jamb Economics Past Questions and Answers

Question 2016:

• JAMB 2011

A country achieves economic development when there is

A. An increase in military expenditure
B. An increase in capacity utilization
C. A sustained increase in per capital income
D. An even distribution of goods and services

Question 2017:

• 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

Question 2018:

• JAMB 2011

A country embarks on deficit financing in order to

A. Increase revenue
B. Reduce aggregate demand
C. Curb inflation
D. Stimulate investment

Question 2019:

• JAMB 2011

The import-substitution strategy of industrialization is to encourage

A. Domestic production
B. Large-scale production
C. Importation
D. Exportation

Question 2020:

• JAMB 2011

Upstream oil activities involve the

A. Management of pollution
B. Marketing of refined products
C. Exploration of crude oil
D. Refining of crude oil