1979 JAMB UTME Economics Past Questions

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1979

The total value of goods and services sold and bought in a country across its border during a given period, usually a year is known as

1979

If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is

1979

The value of money is generally measured in reference to

1979

When the average physical product curve is rising the marginal physical product is

1979

The lowering of the exchange rate between country's currency and other currencies is known as

1979

Which of the following is not an asset of a commercial bank?

1979

If Mr A earns N2,000 a year while Mr B earns N8,000 but Mr a pays N200 in tax per annum while Mr B pays N400, such a tax is

1979

Net national income is

1979

Which of the following is not a component of national income at factor cost?

1979

Which of the following assets of the commercial bank does not yield revenue?

1979

Pure monopoly describes market where

1979

If a government is running deficit, this means

1979

The proportion of currency in the money supply

1979

Which is the most liquid of the following financial assets held by an individual?

1979

The 'terms of trade' means

1979

The foreign exchange rate of a country is

1979

An ad valorem tax means

1979

which of the financial institutions cannot direct tax loans to individuals?

1979

A typical corporate form of business organization is owned by

1979

What do we call a market where there is large number of buyers and sellers, such that no one has an appreciable influence over prices?

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