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Economics Past Questions and Answers

Economics Questions

Question 1971:
If aggregate demand is lower than total output in an economy national income will
  • A Be constant
  • B Be at equilibrium
  • C Increase
  • D Fall
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Question 1972:
During the era of barter, money was generally in the form of
  • A Notes
  • B Precious metals
  • C Coins
  • D Commodities
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Question 1973:
A country achieves economic development when there is
  • A An increase in military expenditure
  • B An increase in capacity utilization
  • C A sustained increase in per capital income
  • D An even distribution of goods and services
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Question 1974:
An indicator of growth in an economy over a period of time is the
  • A GDP gap
  • B GDP at factor cost
  • C GDP at market price
  • D GDP deflator
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Question 1975:
A country embarks on deficit financing in order to
  • A Increase revenue
  • B Reduce aggregate demand
  • C Curb inflation
  • D Stimulate investment
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