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JAMB Economics 2002 Question 13

Question 13

National Income

National Income estimates can be used to

  1. A.differentiate between the rich and the poor in a country
  2. B.prepare a country's annual budget
  3. C.project the level of a country's economic development
  4. D.compare a country's growth rate with that of another over a period of time
Show the answer and explanation

Answer: D (compare a country's growth rate with that of another over a period of time)

Explanation

National income figures over several years show how fast an economy grows, and can be compared with other countries' figures.