National Income measurements and their problems - Jamb Economics Past Questions and Answers

Question 26:

• JAMB 1994

If national income rises by 6% and population rises by 3%, per capita income will?

A. Rise by 6 percent
B. Fall by 3 percent
C. Fall by 6 percent
D. Rise by 3 percent

Question 27:

• JAMB 1995

Ajanka, a medical student entitled to an annual allowance of N6,000, decides to leave the university to take up a job where he earns N7,000 per annum. By this singular act, the national income level will?

A. Increase by N1,000
B. Decrease by N 7,000
C. Increase by N7,000
D. Increase by N 13,000

Question 28:

• JAMB 1997

The total money values of all goods and services produced in a country during a certain period is measured by using the?

A. Income method
B. Expenditure method
C. Output method
D. Factor method

Question 29:

• JAMB 1998

If a country's national income increased from N1000 billion over a period of 2 years, what was the average annual rate of growth of national income over the period?

A. 5%
B. 15%
C. 20%
D. 100%

Question 30:

• JAMB 1999

From the table calculate the national income

A. N18,500m
B. 19,000m
C. 19,500m
D. 20,500m