JAMB Economics Past Questions & Answers - Page 123

611.

The percentage contribution of the transport sector is:

A.

600.0

B.

166.7

C.

60.0

D.

16.7

Correct answer is D

Percentage contribution of the transport sector = 6036060360 x 100

16.66 approximately 16.7

612.

From the shaded area of the diagram above, an appropriate population policy will be to

A.

Encourage early marriages

B.

discourage Immigration

C.

Discourage polygamy

D.

Encourage the use of contraceptives

Correct answer is A

No explanation has been provided for this answer.

613.

From the graph above , point M shows that MC

A.

Cuts AC at its minimum point

B.

And AC rises simultaneously

C.

Cuts AC at its maximum point

D.

Is falling

Correct answer is C

No explanation has been provided for this answer.

614.

In the diagram above, there is an excess

A.

Demand for 30 units

B.

Supply of 40 units

C.

Demand for 20 units

D.

Supply of 20 units

Correct answer is B

Excess demand occured when 40 units were supplied. This is because, at this point, the demand was the same as at when 20 units was supplied. Therefore supplying 40 units when the maximum demand by the market is 20, would lead to excess supply.

615.

What is the median wage?

A.

N8.00

B.

N5.00

C.

N11.00

D.

N6.50

Correct answer is D

No explanation has been provided for this answer.