JAMB Economics Past Questions & Answers - Page 332

1,656.

In equilibrium, injections are equal to

A.

Withdrawals

B.

Surplus of imports over exports

C.

Government spending

D.

Wages

Correct answer is A

No explanation has been provided for this answer.

1,657.

Disposable income is an income which

A.

Is available for consumption and savings

B.

Pensioners receive from the government

C.

Is payable to the disable members of the community

D.

Accures to the environmental sanitation authorites for refuse disposal

Correct answer is A

No explanation has been provided for this answer.

1,658.

The system of measurement of national income as the sum of all final demands is called

A.

Income approach

B.

Expenditure approach

C.

Value-added

D.

Final demands approach

Correct answer is B

No explanation has been provided for this answer.

1,659.

If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?

A.

N1,000,000.00

B.

N4,000,000.00

C.

N6,000,000.00

D.

N14,000,000.00

Correct answer is B

No explanation has been provided for this answer.

1,660.

If birth rate is constant and death rate declines, population

A.

Falls

B.

Expands

C.

Stabilizes

D.

Oscillates

Correct answer is B

No explanation has been provided for this answer.