Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 1126:

\(\begin{array}{c|c}
& \text{Year 1} & \text{Year 2} \\
\hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \\ \hline
\text{Population(Million)} & 20 & 24 \\
\end{array}\)
What is the percentage increase in GNP between year 1 and year 2?

SchoolNGR Classroom

A 3.5.0%
B 14.0%
C 20.0%
D 35.0%

View Answer & Explanation

Question 1127:

\(\begin{array}{c|c}
& \text{Year 1} & \text{Year 2} \\
\hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \\ \hline
\text{Population(Million)} & 20 & 24 \\
\end{array}\)
Calculate the GNP per head of the population in year 1 and year 2.

SchoolNGR Classroom

A N2000.00, N1000.00
B N1125.00; N2000.00
C N1000.00, N2000.00
D N1000.00; N1125.00

View Answer & Explanation

Question 1128:

In national income accounting, aggregate saving in any year is defined as?

SchoolNGR Classroom

A All disposable income not spent on consumption
B All savings deposits in all banks during the year
C All savings and time deposits in all banks during the year
D The value of inventory change for the year

View Answer & Explanation

Question 1129:

Which of the following combinations is a veritable set of development indicators?

SchoolNGR Classroom

A Growth of governemnt expenditure and imports
B Growth of population and national income
C High fertility, literacy and school enrolment rates
D Low infant mortality and high per capital income and literacy rates

View Answer & Explanation

Question 1130:

Which of the following combinations is a veritable set of development indicators?

SchoolNGR Classroom

A Growth of governemnt expenditure and imports
B Growth of population and national income
C High fertility, literacy and school enrolment rates
D Low infant mortality and high per capital income and literacy rates

View Answer & Explanation

Stay Updated

Follow us on:

Subjects