Log In SignUp
Classroom

Economics Past Questions

Study and practice Economics past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

50 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Custom CBT

Create and set up a CBT environment with your preferred subjects.

JAMB CBT Simulator

Practice JAMB CBT with real UTME past questions in CBT format.

WAEC CBT Practice 2026 Simulator

CB-WASSCE styled past question practice.

NECO CBT Practice 2026 Simulator

SSCE & GCE styled past question practice.

Past Questions

50 questions
All JAMB WAEC NECO CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978
Question 1 of 20 50 total questions
Question 1
jamb 1999
Calculate the total number of people engaged in tertiary production from the data above
A5,000,000
B6,250,000
C11,750,000
D12,250,000
View Explanation & Discuss
Question 2
jamb 1999

Use the diagram above to answer this question. Identity the three Important factors that can make So to become either S1 or S2

ATechnology, weather and population
BTechnology, price and tastes
CWeather, price and technology
DPopulation, weather and taste
View Explanation & Discuss
Question 3
jamb 1999
Use the diagram above to answer this question. Points E6 and E5 are respectively equilibrium points for
ADo and So D o and S2
BD1 and S2; D2 and So
CD2 and S1;D2 and S2
DD2 and SoDo and S2
View Explanation & Discuss
Question 4
jamb 1999
In the diagram above, the consumer attains equilibrium at point
AG
BH
CJ
DK
View Explanation & Discuss
Question 5
jamb 1999
The graphs illustrate
Ajoint demand
Bderived demand
Ccomposite demand
Dcompetitive demand
View Explanation & Discuss
Question 6
jamb 1999
In the table, the income elasticity of clothing is
A0.5
B2.0
C2.5
D5.0.l
View Explanation & Discuss
Question 7
jamb 1999
From the table calculate the national income
AN18,500m
B19,000m
C19,500m
D20,500m
View Explanation & Discuss
Question 8
jamb 1999

The most acceptable economic measure for trade protection is to?

Aimprove standards of living
Bprotect infant industries
Csafegard strategic industries
Dpromote foreign trade
View Explanation & Discuss
Question 9
jamb 1999
Favorable terms of trade is important to a country because it facilities?
Aeconomic prosperity for importers and exporters
Bexport of hard currency by the government
Ceconomic prosperity for country
Dimport of hard currency by the government
View Explanation & Discuss
Question 10
jamb 1999
Gains from trade depends on?
Acomparative advantage
Babsolute advantage
Cdistributive cost advantage
Dabsolute cost advantage
View Explanation & Discuss
Question 11
jamb 1999
De valuation helps in checking adverse balance of payments if the?
Ademand for imports is elastic
Bdemand for imports is inelastic
Csupply of exports is elastic
Ddemand for exports is inelastic
View Explanation & Discuss
Question 12
jamb 1999
A free trade area emerges when?
Atraders from one part of the country can move freely to other parts
Bcustoms regulation are harmonized among countries
Ca group of countries decide to remove restrictions on imports from one another
Dthe UNCTAD is in force
View Explanation & Discuss
Question 13
jamb 1999
The price of a good will not be affected by the imposition of a sales tax on it if the?
Asupply is inelastic
Bdemand is inelastic
Csupply is perfectly elastic
Ddemand is perfectly elastic
View Explanation & Discuss
Question 14
jamb 1999

Economic development may be defined as economic growth?

Ain a given country
Bover a long period
Cand improved health facilities
Dand improved distribution of wealth
View Explanation & Discuss
Question 15
jamb 1999
Fiscal policy involves changes in?
Aopen market operations
Brevenue and expenditure of government
Cmoney supply to the economy
Dimports and exports
View Explanation & Discuss
Question 16
jamb 1999
One of the functions money is that, it helps?
Adetect frauds in matters of exchange
Bpostponed payments without loss of count
Cstore information about the valuation of an item
Drecord information about the valuation of an item
View Explanation & Discuss
Question 17
jamb 1999

If high unemployment goes hand in hand with rising prices, the situation created is?

Ahyperinflation
Bstagflation
Cmoderate inflation
Dgalloping inflation
View Explanation & Discuss
Question 18
jamb 1999
Bills of exchange originates from a?
Acentral bank
Bcommercial bank
Ccommunity bank
Ddevelopment bank
View Explanation & Discuss
Question 19
jamb 1999
People hold money for?
Acharity
Bsafe keeping
Cprofit making
Dspeculative purposes
View Explanation & Discuss
Question 20
jamb 1999
The relationship between the value of money and the price level is?
Adirect
Bunpredictable
Cdiverse
Dinverse
View Explanation & Discuss
Question Navigator
Current
MathsFaculty