1997 JAMB UTME Economics Past Questions

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1997

The suggestion that peasants in Africa have backward-bending supply curves of output implies that their response to an increase in the price of their crops will be to?

1997

The shares that must be redeemed first at liquidation of a company are?

1997

The most important attribute of money is?

1997

The main problem of the Organization of Petroleum Exporting Countries is how to?

1997

A glut in the world market for crude oil means?

1997

One of the dangers of the localization of industries is?

1997

A firm is said to have benefited from external economies in production if it has realized?

1997

The use of legally permissible means to reduce tax liabilities is known as tax?

1997

Stock and shares as well as bonds are examples of instruments used in the?

1997

Banks can create more money by?

1997

In commercial banking, an account from which the customer cannot withdraw money instantly is a?

1997

Which of the following is inflationary?

1997

The total money values of all goods and services produced in a country during a certain period is measured by using the?

1997

Given: Investment = N100 million Consumption = N200 m + 0.75Y Y = C + IWhere, Y =Income, C = Consumption and whereI = InvestmentWhat is the income level to the nearest million?

1997

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?

1997

One of the factors which is likely to check the growth of public debts is?

1997

The greatest proportion of government revenue in Nigeria comes from?

1997

Counter trading is an international arrangement whereby?

1997

1997 JAMB UTME Economics Past Questions

The suggestion that peasants in Africa have backward-bending supply curves of output implies that their response to an increase in the price of their crops will be to?

The shares that must be redeemed first at liquidation of a company are?

The most important attribute of money is?

The main problem of the Organization of Petroleum Exporting Countries is how to?

A glut in the world market for crude oil means?

One of the dangers of the localization of industries is?

A firm is said to have benefited from external economies in production if it has realized?

The use of legally permissible means to reduce tax liabilities is known as tax?

Stock and shares as well as bonds are examples of instruments used in the?

Banks can create more money by?

In commercial banking, an account from which the customer cannot withdraw money instantly is a?

Which of the following is inflationary?

The total money values of all goods and services produced in a country during a certain period is measured by using the?

Given: Investment = N100 million Consumption = N200 m + 0.75Y Y = C + IWhere, Y =Income, C = Consumption and whereI = InvestmentWhat is the income level to the nearest million?

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?

One of the factors which is likely to check the growth of public debts is?

The greatest proportion of government revenue in Nigeria comes from?

Counter trading is an international arrangement whereby?

Which of the following classes of goods accounts for largest proportion of Nigeria's imports?

The most important factor ensuring economic development is the?