Economics Questions and Answers
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
Economics questions and answers to help you prepare for JAMB, WAEC, NECO, Post UTME and job aptitude tests or interviews.
Government can curb inflation by________
Encouraging banks to lend for any purpose
Increasing her own expenditure
Buying treasury bills in the open market
Selling securities in the open market
Correct answer is D
One of the ways through which inflation can be controlled is through open market operation. This involves the buying or selling of government securities.
When there is excess money in circulation leading to inflation, the federal government, through the central bank, sells securities to the public to mop out the excess money in circulation. That is, the government invites the public to invest in its treasury bills, government bonds.
The standard of living in two countries can be compared using the__________
Number of industries in each country
Size of their arms and ammunition
Size of their national incomes only
Gross national product per head
Correct answer is D
No explanation has been provided for this answer.
Use this data below to answer the question
What is the country's Net National Product (NNP) at factor cost?
$3.050
$2,680
$2,230
$2.220
Correct answer is C
NNP at factor cost is the net money value of all the goods and services produced by residents of a country plus net factor income from abroad.
Therefore NNP at FC = 2800 + 250 - (120 + 700)
3050 - 820 = 2230
Use this data below to answer the question
What is the country's Gross National (GNP)?
$3.050
$2.680
$2,350
$2,100
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not an argument for the policy of privatization in West Africa?
To make businesses more profitable
Government is able to participate and control the operation of the privatized businesses
Members of the public are able to acquire shares
It encourages the inflow of capital and expertise from local and foreign sources
Correct answer is B
No explanation has been provided for this answer.