The primary goal of development planning in Nigeria is to?

A sustained increase in the per capita income of a country over a period of time is called?

If C stands for consumption expenditure, I for investment, X for exports, and M for imports, then national income is?

The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the?

The difference between gross national product and net national product is equal to?

<div><table><tbody><tr><td style="width: 50%;"><strong>Item</strong></td><td style="width: 50%;"><strong>Amount (Million Naira)</strong></td></tr><tr><td style="width: 50%;">Visible exports</td><td style="width: 50%;">55.54</td></tr><tr><td style="width: 50%;">Visible imports</td><td style="width: 50%;">53.32</td></tr><tr><td style="width: 50%;">Invisible exports</td><td style="width: 50%;">30.56</td></tr><tr><td style="width: 50%;">Invisible imports</td><td style="width: 50%;">28.70</td></tr><tr><td style="width: 50%;">Balance</td><td style="width: 50%;">4.08</td></tr></tbody></table></div><p>The amount, ₦4.08 million, shown as balance in the table represents</p>

<p>\[ \begin{array}{|c|c|c|c|c|c|c|c|} \hline \text{Q (ton)} &amp; 400 &amp; 500 &amp; 600 &amp; 700 &amp; 800 &amp; 900 &amp; 1000 \\ \hline \text{TC (N)} &amp; 16000 &amp; 18000 &amp; 19800 &amp; 21000 &amp; 24000 &amp; 31500 &amp; 40000 \\ \hline \text{TR (N)} &amp; 20000 &amp; 22500 &amp; 24000 &amp; 24500 &amp; 25000 &amp; 18000 &amp; 15000 \\ \hline \end{array} \]</p><p>The table gives the various levels of output (Q) and its corresponding total cost of production. (ITC) and total revenue (TR) for a firm. Which output level Q results in maximum profit?</p>

<p><img alt="" class="alignnone size-full wp-image-296579" height="194" src="https://data.ulearngo.com/assets/59e95492-f065-4270-b5ab-0d4144c72c67" width="300"/></p><p>In the diagram above what happens when the minimum wage is fixed at OW?</p>

<p><img alt="" class="alignnone size-full wp-image-296581" height="245" src="https://data.ulearngo.com/assets/e03cf797-950a-4510-be5f-0094264d3507" width="360"/></p><p>If the curve above shows the relationship between the price of commodity X and the quantity demanded of commodity Y then X and Y are</p>

1989 JAMB UTME Economics Past Questions

The primary goal of development planning in Nigeria is to?

A sustained increase in the per capita income of a country over a period of time is called?

If C stands for consumption expenditure, I for investment, X for exports, and M for imports, then national income is?

The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the?

The difference between gross national product and net national product is equal to?

ItemAmount (Million Naira)Visible exports55.54Visible imports53.32Invisible exports30.56Invisible imports28.70Balance4.08The amount, ₦4.08 million, shown as balance in the table represents

\[ \begin{array}{|c|c|c|c|c|c|c|c|} \hline \text{Q (ton)} & 400 & 500 & 600 & 700 & 800 & 900 & 1000 \\ \hline \text{TC (N)} & 16000 & 18000 & 19800 & 21000 & 24000 & 3…

In the diagram above what happens when the minimum wage is fixed at OW?

If the curve above shows the relationship between the price of commodity X and the quantity demanded of commodity Y then X and Y are

The multiplier is defined as

1989 JAMB UTME Economics Past Questions

The primary goal of development planning in Nigeria is to?

A sustained increase in the per capita income of a country over a period of time is called?

If C stands for consumption expenditure, I for investment, X for exports, and M for imports, then national income is?

The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the?

The difference between gross national product and net national product is equal to?

ItemAmount (Million Naira)Visible exports55.54Visible imports53.32Invisible exports30.56Invisible imports28.70Balance4.08The amount, ₦4.08 million, shown as balance in the table represents

\[ \begin{array}{|c|c|c|c|c|c|c|c|} \hline \text{Q (ton)} &amp; 400 &amp; 500 &amp; 600 &amp; 700 &amp; 800 &amp; 900 &amp; 1000 \\ \hline \text{TC (N)} &amp; 16000 &amp; 18000 &amp; 19800 &amp; 21000 &amp; 24000 &amp; 3…

In the diagram above what happens when the minimum wage is fixed at OW?

If the curve above shows the relationship between the price of commodity X and the quantity demanded of commodity Y then X and Y are

The multiplier is defined as

\[ \begin{array}{|c|c|c|c|c|c|c|c|} \hline \text{Q (ton)} & 400 & 500 & 600 & 700 & 800 & 900 & 1000 \\ \hline \text{TC (N)} & 16000 & 18000 & 19800 & 21000 & 24000 & 3…