National Income Measurements And Their Problems Jamb Economics Past Questions
Question 1
A baker bought flour and other ingredients for S250.00, spent S52.00 on distribution, sold the bread for S320.00. The value added by the baker.
- A. $302.00
- B. $52.00
- C. $18.00
- D. $622.00
Question 2
One of the major uses of national income statistics in Nigeria is to
- A. Equally distribute national income among citizens
- B. Determine the total population
- C. Compare population growth among nations
- D. Estimate per capita income
Question 3
The value of total output in the economy using the value added approach is
- A. N57.00
- B. 37.00
- C. 20.00
- D. 15.00
Question 4
Net National Product is derived by deducting
- A. net exports from GNP
- B. subsidies from GDP
- C. taxes from GDP
- D. depreciation from GNP
Question 5
What is the growth rate of employment?
- A. 18%
- B. 10%
- C. 6.7%
- D. 5.7%
- E. 4.1%
