JAMB and WAEC Economics questions: Economic growth and development

30 questions with answers and explanations. Tap an option to check yourself.

1. Question 21· Economic growth and development· JAMB

   Foreign direct investment helps development by bringing

   • Aonly imports
   • Bonly loans
   • Conly aid
   • Dcapital, technology and jobs

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   Explanation and discussion

2. Question 22· Economic growth and development· WAEC

   A characteristic of developing countries is

   • Aa low birth rate
   • Bhigh per capita income
   • Cheavy dependence on primary production
   • Da highly skilled workforce

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   Explanation and discussion

3. Question 23· Economic growth and development· WAEC

   Which of these could slow economic development in Nigeria?

   • Aa literate workforce
   • Ba large domestic market
   • Cabundant natural resources
   • Dinadequate infrastructure such as power supply

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   Explanation and discussion

4. Question 24· Economic growth and development· JAMB

   Human capital development refers to investment in

   • Aforeign reserves
   • Bmachinery
   • Croads and bridges
   • Deducation and health

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   Explanation and discussion

5. Question 25· Economic growth and development· WAEC

   Per capita income is obtained by dividing national income by the

   • Arate of inflation
   • Bnumber of workers only
   • Cnumber of firms
   • Dtotal population

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   Explanation and discussion

6. Question 26· Economic growth and development· WAEC

   Economic development differs from economic growth in that development includes

   • Aimprovements in welfare, health and education
   • Bonly rising GDP
   • Conly population growth
   • Donly exports

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   Explanation and discussion

7. Question 27· Economic growth and development· WAEC

   Development planning in Nigeria aims mainly to

   • Aabolish the private sector
   • Bfix all prices
   • Cstop foreign trade
   • Dachieve set economic goals within a period

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   Explanation and discussion

8. Question 28· Economic growth and development· JAMB

   A rolling plan is a development plan that

   • Ais never written down
   • Blasts for twenty years unchanged
   • Cis revised and extended every year
   • Dcovers one month

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   Explanation and discussion

9. Question 29· Economic growth and development· WAEC

   A characteristic of underdevelopment is

   • Ahigh savings
   • Bhigh life expectancy
   • Cadvanced technology
   • Dlow per capita income

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   Explanation and discussion

10. Question 30· Economic growth and development· JAMB

    Nigeria's NEEDS programme of 2004 stood for

    • ANational Economic Empowerment and Development Strategy
    • BNational Education and Employment Development Scheme
    • CNew Economic Export Development System
    • DNational Energy and Electricity Development Strategy

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    Explanation and discussion