JAMB Economics · National income, money and public finance
National income: JAMB Economics Past Questions and Answers
What the JAMB syllabus covers in National income
Our summary: GNP, GDP and related measures, the circular flow of income, the multiplier and equilibrium national income.
- The concepts of GNP, GDP, NI, NNP
- National income measurements and their problems
- Uses and limitations of national income estimates
- The circular flow of income (two and three-sector models)
- The concepts of consumption, investment and savings
- The multiplier and its effects
- Elementary theory of income determination and equilibrium national income
Objectives
- identify the major concepts in national income;
- compare the different ways of measuring national income;
- examine their problems;
- determine the uses and limitations of national income estimates;
- interpret the circular flow of income using the two and three-sector models;
- calculate the various multipliers;
- evaluate their effects on equilibrium national income;
- explain the concepts of consumption, investment and savings.
Syllabus content © The Joint Admissions and Matriculation Board (UTME).
JAMB Economics questions on National income
- JAMB 2024Which of the following is NOT included in-measuring the National income through the income approach?
- JAMB 2024The following determine the level of consumption EXCEPT
- JAMB 2024MPC + MPS equals
- JAMB 2024The formular used by the Expenditure approach to calculate National income is
- JAMB 2024The comparison of the standard of living between Nigeria and Ghana is best down through the use of
- JAMB 2024What add funds to the circular flow?
- JAMB 2024The largest component of national income in developing countries consist of
- JAMB 2023Macroeconomics focuses on the following units in an aggregative manner
- JAMB 2023The part of income after tax that is not consumed is defined as
- JAMB 2023Which of the following must be true to have a closed economy with no government, and yet the value of the investmet multiplier still increase?
- JAMB 2023Multiplier can be described as
- JAMB 2023Calculate the equilibrium level of national income (Y) where Y = C + I + G; C = 100 + 0.75Y; I = 50; G = 200
- JAMB 2023Business cycle is associated with
- JAMB 2023The term 'investment' in macroeconomics means
- JAMB 2023An increase in nominal income without increase in price will result to
- JAMB 2023Identify one of the following which can NOT be used to close deflationary gap
- JAMB 2023An increase in total production (real GDP) causes the demand for money to … and the interest rate to …
- JAMB 2022The largest component of national income in developing countries consist of
- JAMB 2022Increasing national income without effective control of population size in a country can lead to
- JAMB 2022In a country with large population of full-time house wives, national income
- JAMB 2022An example of transfer payments in national income accounting is
- JAMB 2022Gross National Product (GNP) less the provision for the wear and tear of assets is the
- JAMB 2021A good measure of the standard of living usually used for international comparison is …
- JAMB 2020If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average propensity to consume is?
- JAMB 2019The method obtained by adding all the reward of factors of production in national income is …
- JAMB 2019An economy in which the whole income is not consumed is referred to as …
- JAMB 2019Let capital formation = CF, Production = P, C = consumption. Then CF = …
- JAMB 2019Use the following information given to answer this question Total of all expenditure incurred during the year ₤80,000 m Indirect taxes on goods and services…
- JAMB 2019Use the following information given to answer this question Total of all expenditure incurred during the year ₤ 80,000m Indirect taxes on goods and services ₤…
- JAMB 2018When a variable is associated with time period, it is …
- JAMB 2018Given that Y = C + I, where C = 50 + 0.75Y and I = N45m, what is the equilibrium level of income?
- JAMB 2018In an open economy, the GNP is measured as … ?
- JAMB 2017The production within domestic territory of a country is called the …
- JAMB 2017Given a consumption function C = 10 + 0.6Y, determine the value of C if Y is 20
- JAMB 2016If the marginal propensity to save is 0.8, calculate the multiplier?
- JAMB 2016One of the major uses of national income statistics in Nigeria is to
- JAMB 2015Which of the following are examples of transfer payment
- JAMB 2015The relationship between the cost of living and standard of living is
- JAMB 2015What does the accelerator principles state?
- JAMB 2015Disposable income is total income
- JAMB 2015The following equations relate to an open economy with a government sector. E = aggregate expenditure on domestically produced goods, C = Consumption, I =…
- JAMB 2015The income of an individual increases from N150 to N250 and his consumption rate increases from N100 to N150. Calculate the Marginal Propensity to Consume
Years with National income questions in DeeepSolve's question bank
From the past questions DeeepSolve holds, not a count of everything the exam body has set.
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015