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Economics Past Questions and Answers

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Economics Questions

Question 2536:

which of the following is a factor affecting the size of national income?

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A Size of the active population
B Taste of the consumers
C Number of registered trade unions
D Credit-worthiness of the neighbouring countries
E Regularity of payment of national debt

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Question 2537:

The expenditure of a firm on goods and services for the expansion of its productive capacity is known as

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A Income
B Investment
C Savings
D Profits
E Interest

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Question 2538:

An increase in marginal propensity to save will lead to

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A An increase in marginal propensity to consume
B A decrease in the level of consumption
C An immediate decrease in the net national income
D An increase in the level of consumption
E A decrease in the level of savings

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Question 2539:

progressive system of taxation implies that the

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A Poor pay relatively more
B Tax rate falls as the tax base increases
C Tax rate increases as the tax base increases
D Average and marginal rate of tax will be the same
E Rich and the poor pay the same amount as tax

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Question 2540:

development plans in Nigeria have deviated from their targets due to

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A Lack of manpower
B Political instability
C High population growth rate
D Brain drain in the country
E Inadequate land

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