Uses and limitations of national income estimates - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2019

The use of government income and expenditure instrument to regulate the economy is termed______

A. Monetary policy
B. Physical policy
C. Fiscal policy
D. Public finance

Question 3:

• JAMB 2016

One of the major uses of national income statistics in Nigeria is to

A. Equally distribute national income among citizens
B. Determine the total population
C. Compare population growth among nations
D. Estimate per capita income