JAMB Economics 2016 Objective — Question 2
Question 2 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2016 Objective paper, with the correct answer and a full explanation.
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Which of the following is an indicator of economic growth?
- A. High tax rate
- B. Technology development
- C. High gross domestic productCorrect
- D. High interest rate
Explanation
High GDP is one of the best indicators of growth; it reflects the economy's position better than other indicators like GNP.
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