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JAMB Economics 1990 Question 48

Question 48

Economic Growth and Development

Social overhead capital refers to

  1. A.balanced growth
  2. B.gross investment
  3. C.the building of infrastructures
  4. D.capital formation
Show the answer and explanation

Answer: C (the building of infrastructures)

Explanation

Social overhead capital is infrastructure such as roads, power, water and schools that serves the whole economy.