Indicators Of Growth And Development Jamb Economics Past Questions
Question 1
Which of the following is an indicator of economic growth?
- A. High tax rate
- B. Technology development
- C. High gross domestic product
- D. High interest rate
Question 2
The relationship between the cost of living and standard of living is
- A. A rise in cost of living gives a corresponding rise in standard of living
- B. A lower cost of living give a higher standard of living
- C. A lower cost of living give a lower standard of living
- D. None of the above
Question 3
An indicator of growth in an economy over a period of time is the
- A. GDP gap
- B. GDP at factor cost
- C. GDP at market price
- D. GDP deflator
Question 4
A major factor militating against rapid industrialization in Nigeria is
- A. inadequate skilled manpower
- B. poor market facilities
- C. poor transport facilities
- D. epileptic power supply
Question 5
In a developing economy, productivity is measured by the
- A. capital-output ratio
- B. output growth rate
- C. output-labour ratio
- D. output per capita
