If you need the Economics past questions to prepare for your upcoming JAMB examination, count on us because we get you covered.
In this article, we will provide you with different Economic past questions that were set for the JAMB for over 21 years.
It is a free past question. You don't have to pay anything to get it. Just read through to the bottom f this article to download it.
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Before that, try if you can answer the following 6 questions. These questions are taken from the years 1983, 1984, 1985, and 20004 respectively.
Some questions you are going to see inside these past questions are:
1. Which of the following items is NOT included in measuring national income by the income approach? (1983)
A. Wages and salaries of public servants
B. Student grants and scholarships.
C. Profits of companies.
D. Income earned by self-employed persons such as lawyers.
E. Rents on property.
2. The concept of economic efficiency primarily refers to (1983)
A. Obtaining the maximum output from available resources at the lowest possible cost
B. Conservation of our petroleum resources
C. Equity in the distribution of the nation’s wealth
D. Producing without waste
E. The limited wants unlimited resources dilemma.
3. Demand for a commodity by a consumer is the quantity of that commodity that the consumer(1984 )
A. Demands at a given price at a point in time
B. Demands at a given price
C. digests
D. Produces, given its price
E. Can store away during bad weather
4. Which of the following is NOT a determinant of the size of the economically active population? (1984)
A. Age structure
B. Occupation of workers
C. Proportion of men to women
D. Average length of the working day
E. Efficiency of the labor force
5. When a business has unlimited liability(1985)
A. All its profits can be taxed away by the government
B. All its assets are owned by the members of its board of directors
C. The business ceases to exist at the death of one of its owners
D. The owners are responsible for all its financial debts
E. The owners are not responsible for all their financial debts.
6. A black market can occur when(2004)
A. supply over demand
B. consumption of the community is restricted
C. prices are set by the government above the equilibrium
D. prices are set by the government below the equilibrium
These are just a few questions about what you are going to see when you download this file. What are you waiting for? Click on the download button below to get it downloaded directly into your computer.
(PDF) economics past-questions Download
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