Economics Past Questions For JAMB/WAEC/NECO Students V25; These Economics questions are for students who are sitting for the following examinations:
- JAMB
- Post-UTME / Post-JAMB
- WAEC
- NECO
- WAEC GCE
- NECO GCE
- NABTEB
- NABTEB GCE
Economics Past Questions V25 (JAMB/WAEC/NECO)
Results
#1. The formular used by the Expenditure approach to calculate National income is
#2. The demand for labour in an economy is a depiction of
#3. In production, total cost comprises of
#4. The 1962-1968 development plan in nigerian failed because of
#5. The main function of retailer in the distribution channel is
#6. In a two-sector economy, income is a function of
#7. Which of these is a necessary condition for trade by barter
#8. The following are reward for factors of production EXCEPT
#9. Disposable income in national income accounting is an income which
#10. One of the function of united nation conference on trade and development (UNTAD) is to
#11. Tc/Q =
#12. The following are type of business organization EXCEPT
#13. Which of the folowing NOT among the objectives of OPEC?
#14. If the consumer demand for product X increases, as the demand for product, Y increases then the goods X and Y are
#15. An economic system in wich the decision on what and how to produce is determined by the individual is called
#16. To discourage the consumption of harmful commodities, government should tax such commodities if they have
#17. The formular used by the Expenditure approach to calculate National income is
#18. A producer who can only influence the price of his product but canNOT determine the quantity to be sold is referred to as
#19. Government expenditure on universal basic education and subsidy on agriculture are aimed at
#20. Which of the following measure will NOT serves as a control during inflation period?
#21. Remuneration of labour based on number of hours worked is known as
#22. Which of the following is NOT a feature of capitalism
#23. If the prices of a commodity increases from N8.00 to N10.00 and the demand decreases from 100 to 80 respectively, what is the price elasticity of demand for the commodity?
#24. When combination of two goods which a consumer derive equal satisfaction is plotted on a graph, the graph is known as
#25. Long-run in economic mean a period of time in which
#26. If commodities A & B are jointly demanded, what will be the effect of an increase in the price of A on the demand for commodity B?
#27. Which of the following factors will NOT account for an outward shift of production possibility curve?
#28. When an economy is having a balance of payment surplus the best alternative opened to it is to
#29. The bank established to finances project aimed at promoting economic and social development within the African continent is
#30. What is the median term in the distribution below ;14, 13 29 ,15 ,13,17 ,12,
#31. The middle value of an array figure arranged in descending order is referred to as the
#32. Transcationary motive implies, holding money
#33. One of the fundamental economic problem of every society is
#34. Which of these is NOT associated with the problem of internal trade?
#35. A market situation with few sellers and many buyers is called
#36. In income determination theory, acceleration principles shows that
#37. If government in a fiscal year has its revenue receipts less than the expenditure, such country is having
#38. he act of cultivating land and rearing of animal for man’s use is
#39. An economic system in which individual control the productive resources is known as
#40. The contribution of petroleum to the economy of nigerian is most prominent in the area of
#41. The Nigerian indigenization decree process involves
#42. A nation’s net export is negative when her
#43. Deficit in the balance of payment is financed through
#44. Devaluation of a currency in a country is likely to lead to
#45. which of the following is not a benefit derived by Nigeria from the petroleum industry?
#46. Gross Domestic Product (GDP) at market price plus net factor income from abroad gives
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