by Sunday | Oct 23 | Economics JAMB
A. GDP gap B. GDP at factor cost C. GDP at market price D. GDP deflator Correct Answer: Option C – GDP at market price Explanation To see economic growth there needs to be an increase in Gross Domestic Product (GDP). This can occur through an increase in...
by Sunday | Oct 23 | Economics JAMB
A. an increase in military expenditure B. an increase in capacity utilization C. a sustained increase in per capital income D. an even distribution of goods and services Correct Answer: Option C – a sustained increase in per capital income Explanation Per capita...
by Sunday | Oct 23 | Economics JAMB
A. notes B. precious metals C. coins D. commodities Correct Answer: Option D – commodities Explanation Commodity money is a physical good that consumers universally use to trade for other goods. It was used as money during the barter system. They include...
by Sunday | Oct 23 | Economics JAMB
A. be constant B. be at equilibrium C. increase D. fall Correct Answer: Option C – increase Explanation Recall that a downward sloping aggregate demand curve means that as the price level drops, the quantity of output demanded increases. Similarly, as the price...
by Sunday | Oct 23 | Economics JAMB
A. salaries and wages B. pension C. scholarship D. social welfare Correct Answer: Option D – social welfare Explanation Social welfare refers to a wide range of activities and services by volunteers, non-profit organizations and governmental agencies providing...
by Sunday | Oct 23 | Economics JAMB
A. a rise in income levels B. stagflation C. inflation D. deflation Correct Answer: Option C – inflation Explanation Increasing the money supply without a corresponding increase in real output will cause inflation. The reason is that there is more money chasing...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.