Inflation - Jamb Economics Past Questions and Answers

Question 26:

• JAMB 2003

Inflation that is usually associated with periods of trade boom is

A. Creeping inflation
B. Cost-push inflation
C. Stagflation
D. Demand-pull inflation

Question 27:

• JAMB 2004

The excess of aggregate expenditure over full employment level of output is referred to as

A. GNP gap
B. Deflationary gap
C. Inflation gap
D. Recessionary gap

Question 28:

• JAMB 2005

The factor responsible for the current inflationary pressures in Nigeria is the

A. Exchange rate depreciation
B. Increase in exports
C. Low per capital income
D. Budget surplus

Question 29:

• JAMB 2007

A persistent rise in the prices of inputs will lead to

A. Hyperinflation
B. Stagflation
C. Cost-push inflation
D. Demand-pull inflation

Question 30:

• JAMB 2008

The high rate of inflation in Nigeria can be attributed to

A. Increasing cost of production
B. The appreciation of the naira
C. Decreasing cost of production
D. High capacity utilization