Economic Growth and Development - Jamb Economics Past Questions and Answers

Question 36:

• JAMB 1995

Which of the following is mostly used to determine the cost of living?

A. Marginal changes in prices
B. Consumer price index
C. Prices of imported and exported commodities
D. Producer price index

Question 37:

• JAMB 1997

The most important factor ensuring economic development is the?

A. Effective mobilization of domestic savings
B. Presence of foreign capital
C. Formulation of appropriate government policies
D. Attraction of foreign aids and grants

Question 38:

• JAMB 1998

One of the economic problems of Nigeria today arises from?

A. The over utilization of human and natural resources
B. Unavailability of mineral resources
C. Inadequate manpower resources
D. The under-utilization of human and natural resources

Question 39:

• JAMB 1998

The major objective of economic growth is to?

A. Redistribute income and other benefits of growth
B. Equalize opportunities for education and employment
C. Increase the aggregate expenditure on goods and services
D. Increase real per capital income

Question 40:

• JAMB 1998

Development plans have not been successful in some developing countries largely because of?

A. Very large working population
B. Increase level of consumption
C. Scarcity of industrial raw materials
D. Shortage of skilled labour and experts