Economic Growth and Development - Jamb Economics Past Questions and Answers

Question 31:

• JAMB 1992

If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?

A. The size of population
B. Technical progress
C. The environment
D. The amount of natural resources

Question 32:

• JAMB 1993

Since the mid-1980s, the most disturbing development in the industrial sector in Nigeria is?

A. Labour intensity
B. Capital intensity
C. Poor technology
D. Capacity under-utilization

Question 33:

• JAMB 1993

Economic development is distinguishable from economic growth because the former?

A. Is not concerned with growth parameters
B. Affects only the poor people
C. Also includes an efficient distribution of economic growth
D. Is an increase in the production of goods and services

Question 34:

• JAMB 1994

One of the ways by which the government can speed up economic development is through the?

A. Increase in consumption pattern of the people
B. Encouragement of savings, investment and equitable distribution of goods and services
C. Increase in the rate of population growth so as to ensure that the country has a large labour force
D. Encouragement of importation of raw materials to produce consumer goods

Question 35:

• JAMB 1994

A sustained increase in the production of goods and service in a country is called economic?

A. Development
B. Growth
C. Diversification
D. Planning