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Economics Past Questions and Answers

Economics Questions

Question 2051:
An economy in which both the public and private sectors contribute to economic growth is as
  • A Feudal economy
  • B Capitalist economy
  • C Socialist economy
  • D Mixed economy
View Answer & Explanation
Question 2052:
If the standard deviation of a given data is 53, what is the variance?
  • A 2082
  • B 2809
  • C 2808
  • D 2209
View Answer & Explanation
Question 2053:
Which of the following set of statistical tools is used for further economic analysis?
  • A The median and standard deviation
  • B The mean and mode
  • C The mean and standard deviation
  • D The mode and median
View Answer & Explanation
Question 2054:
An advantage of the range as a measure of dispersion is that it
  • A Can be used to calculate open-ended distribution
  • B Make use of all values of observations in a distribution
  • C Takes all values into consideration
  • D Is useful for further statistical calculation
View Answer & Explanation
Question 2055:
Find the median of the following set of data 35,10,14,38,15,18,22,30 and 28
  • A 10
  • B 38
  • C 35
  • D 22
View Answer & Explanation