Meaning And Scope Of Economic Growth And Development Jamb Economics Past Questions
Question 6
Economic development may be defined as economic growth?
- A. in a given country
- B. over a long period
- C. and improved health facilities
- D. and improved distribution of wealth
Question 7
Which of the following combinations is a veritable set of development indicators?
- A. Growth of governemnt expenditure and imports
- B. Growth of population and national income
- C. High fertility, literacy and school enrolment rates
- D. Low infant mortality and high per capital income and literacy rates
Question 8
If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?
- A. the size of population
- B. technical progress
- C. the environment
- D. the amount of natural resources
Question 9
For the improvement of the welfare of a people, a high production level is not enough because
- A. the have-nots deserve more than a fair share
- B. equitable distribution is necessary
- C. production efficiency is vital
- D. savings in the country must be guaranteed at more than 50 percent of income earned.
