Economics Past Questions For JAMB, WAEC, NECO & Post UTME, With Answers, And Explanations - Economics

Economics Questions

Question 1176:

According to the income approach to national income measurement, the national income of a country is equal to?

A The value of all output produced in the country over the relevant period of time at market prices
B The value of output at factors cost
C The value added to production
D C +I + G

Question 1177:

The best index for international comparison of standards of living is the?

Question 1178:

The GDP of Nigeria will be greater than her GNP if?

A The value of goods and services to Nigeria is greater than the value of those from Nigeria
B Consumption is greater than investment
C Government expenditures are greater than the foreign aid received
D The value of goods and services produced by Nigeria businesses abroad is greater than that of foreign businesses in Nigeria

Question 1179:

The GDP of Nigeria will be greater than her GNP if?

A The value of goods and services to Nigeria is greater than the value of those from Nigeria
B Consumption is greater than investment
C Government expenditures are greater than the foreign aid received
D The value of goods and services produced by Nigeria businesses abroad is greater than that of foreign businesses in Nigeria

Question 1180:

Below equilibrium, the gap between aggregate demand and the full employment level of income is called the?