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Tuesday, 07 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 926:
The Malthusian theory of population predicts that growth in food production will?
  • A Keep pace with population growth
  • B Be at a faster rate than population growth
  • C Be at a slower rate tthan population growth
  • D Be more rapid than population growth in the developing countries
View Answer & Explanation
Question 927:
If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average propensity to consume is?
  • A 0.20
  • B 0.80
  • C 1.25
  • D 2.00
View Answer & Explanation
Question 928:
Which of the following items is subtracted when computing Gross National Product at factor cost, by the expenditure method?
  • A Consumption expenditure
  • B Indirect taxes
  • C Exports and property income from abroad
  • D Gross Domestic Fixed Capital Formation
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Question 929:
In estimating the national income of a country, the three approaches usually adopted are the?
  • A Expenditure, value-added and output
  • B Income, final product and output
  • C Expenditure,income and output
  • D Avoiding of double counting, final expenditure and value added
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Question 930:
If technology becomes less capital-intensive, it means?
  • A An increase in the capital/labour ratio
  • B An increase in the capital/ratio
  • C A fall in the labour/capital ratio
  • D Increased unemployment
View Answer & Explanation