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Economics Past Questions and Answers

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Economics Questions

Question 1201:

Every economy requires an accurate census because it assist in?

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A Solving inflation problem
B Providing a sound framework for policy formulation
C Stimulating economic activities in the national economy
D Solving unemployment problem

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Question 1202:

The population of country X in 1990 was 35 million.
The births were 450,000 while it recorded 210,000 death. If in the year, its immigrants were 20,000 and 10,000 of its citizen left the country, calculate the total population of the country at the end of 1990.

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A 24,250,000
B 25,350,000
C 34,750,000
D 35,250,000

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Question 1203:

If the actual population in a country is less than the optimum population, then?

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A It is desirable to have a large population
B It is necessary to have an improved technology to sustain the population
C It is desirable to have a smaller population
D The available resources are inadequate to substain the population

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Question 1204:

Unemployment can be reduced by?

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A Restricting the productive base of the economy
B Adopting capital-intensive techniques of production
C Adopting labour-intensive techniques of production
D Adopting a mixture of labour and capital-intensive techniques of production

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Question 1205:

When the Total Product (TP) is at maximum point, the Marginal Product (MP) and the Average Product (AP) respectively are?

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A Zero and decreasing
B Decreasing and zero
C Negative and decreasing
D Both at their maximum

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