Jamb Economics Past Questions For Year 2010
Question 1
The velocity of money is represented as
- A. \(\frac{\text{Money supply}}{\text{Real GDP}}\)
- B. \(\frac{\text{Real GDP}}{\text{Money supply}}\)
- C. \(\frac{\text{Nominal GDP}}{\text{Money supply}}\)
- D. \(\frac{\text{Real GDP}}{\text{Nominal GDP}}\)
Question 2
if ˉx\bar{x} = 6 and N = 6, determine the value of ∑fx
- A. 36
- B. 12
- C. 1
- D. 72
Question 3
The percentage of working population in 2002 is?
- A. 50%
- B. 25%
- C. 8%
- D. 80%
Question 4
What is the population growth rate in 2003?
- A. 33.3%
- B. 20.0%
- C. 11.0%
- D. 50%
Question 5
The standard deviation of a set of data is
- A. always measured from the mode
- B. the most representative of averages
- C. always measured from the median
- D. a measure of dispersion
