JAMB Economics Past Questions & Answers - Page 292

1,456.

If the marginal propensity to consume is 0.75 and private investment increases by N10 billion while government expenditure decreases by N15 billion, GDP will decrease by

A.

N12 billion

B.

N15 billion

C.

N20 billion

D.

N25 billion

Correct answer is D

No explanation has been provided for this answer.

1,457.

One of the factors which is likely to check the growth of public debt is

A.

Bridging the resources gap

B.

Debt reputation

C.

Debts rescheduling

D.

Debt equality swap

Correct answer is D

No explanation has been provided for this answer.

1,458.

An aging population is a population

A.

With a high dependency ratio

B.

With many young people

C.

In which the number of old persons is increasing

D.

That is dominated by very old people

Correct answer is C

No explanation has been provided for this answer.

1,459.

The greatest proportion of government revenue in Nigeria comes from

A.

Export of raw materials

B.

Income taxes on individuals and business

C.

Custom duties and excise duties

D.

Loans and grants from industrially advanced countries

Correct answer is C

No explanation has been provided for this answer.

1,460.

The problems of conducting census include

A.

High rate of rural-urban migration

B.

Poor geographical distribution of population

C.

High birth rate in tthe coutry

D.

Poor town planning in urban areas

Correct answer is D

No explanation has been provided for this answer.