Jamb Economics Past Questions For Year 1998
Question 1
What is the average total cost when the output is 200 units in the table above is
- A. N1.00
- B. N2.0
- C. N1.20
- D. N2.40
Question 2
Population Statistics of a Country. In 1990, the difference between the dependent population and the active population ratio is
- A. 22%
- B. 20%
- C. 16%
- D. 4%
Question 3
Population Statistics of a Country. The dependency ratio between 1960 and 1990 is
- A. increased by 5%
- B. increased by 2%
- C. decrease by 2%
- D. decrease by 5%
Question 4
From the table above, the total utility for the individual who consumes 3 units of commodity X is
- A. 50 units
- B. 150 units
- C. 230 units
- D. 250 units
Question 5
In the diagram above, full employment is indicated by
- A. L
- B. M
- C. N
- D. P
