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Question 1 Economics (2016) | JAMB/UTME (2016)
A
Equally distribute national income among citizens 
B
Determine the total population 
C
Compare population growth among nations 
D
Estimate per capita income 
Explanation.
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Correct Option:
D
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Question 2 Economics (2016) | JAMB/UTME (2016)
A
Over-dependence on foreign products 
B
Dominance of the industrial sector 
C
High per capita income 
D
Efficient and sensitive financial sector 
Explanation.
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Correct Option:
A
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Question 3 Economics (2016) | JAMB/UTME (2016)
A
Federal Mortgage Bank 
B
Microfinance Banks 
C
Insurance Banks 
D
Federal Ministry of Finance 
Explanation.
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Correct Option:
D
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Question 5 Economics (2016) | JAMB/UTME (2016)
A
Over-capacity utilization 
B
The discovery of alternative oil sources 
C
Shortage of indigenous manpower 
D
The excess supply of petroleum products 
Explanation.
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Correct Option:
C
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Question 7 Economics (2016) | JAMB/UTME (2016)
A
Exchange rate 
B
Fiscal policy 
C
Risk associated with the loan 
D
Rate of production in the country 
Explanation.
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Correct Option:
C
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Question 9 Economics (2016) | JAMB/UTME (2016)
A
Total product starts declining 
B
Average product has become zero 
C
Diminishing returns has set in 
D
Increasing returns is operating 
Explanation.
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Correct Option:
C
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