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Tuesday, 07 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 1231:
One of the ways by which the government can speed up economic development is through the?
  • A Increase in consumption pattern of the people
  • B Encouragement of savings, investment and equitable distribution of goods and services
  • C Increase in the rate of population growth so as to ensure that the country has a large labour force
  • D Encouragement of importation of raw materials to produce consumer goods
View Answer & Explanation
Question 1232:
A sustained increase in the production of goods and service in a country is called economic?
  • A Development
  • B Growth
  • C Diversification
  • D Planning
View Answer & Explanation
Question 1233:
If national income rises by 6% and population rises by 3%, per capita income will?
  • A Rise by 6 percent
  • B Fall by 3 percent
  • C Fall by 6 percent
  • D Rise by 3 percent
View Answer & Explanation
Question 1234:
One of the techniques for rectifying a deficit balance of payment is?
  • A Import promotion
  • B Devaluation
  • C Physical intervention
  • D Borrowing from abroad
View Answer & Explanation
Question 1235:
The main objective of the Economic Community of West African State is to?
  • A Estabilish a West African Development Bank
  • B Create a West African army
  • C Introduce a common currency for the sub-region
  • D Promote the free movement of persons, goods and services within the sub-region
View Answer & Explanation