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Economics Past Questions and Answers

Economics Questions

Question 291:
The income of an individual increases from N150 to N250 and his consumption rate increases from N100 to N150. Calculate the Marginal Propensity to Consume
  • A 2
  • B 0.4
  • C 1
  • D 0.5
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Question 292:
The term of trade can be expressed as
  • A (Price index of export à· Price index of export)à— 100
  • B (price index of import ÷ price index of export) × 100
  • C (Price index of export à· Price index of import)à— 100
  • D (Price index of export à· Price index of import)à— 100
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Question 293:
The study of broad economic aggregates is
  • A Macro economics
  • B Deductive method of economic analysis
  • C Micro economics
  • D Inductive method of economics analysis
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Question 294:
Find the range in the following data 9, 15, 6, 20, 24, 18, 12, 8, 20, 10, 5.
  • A 24
  • B 5
  • C 19
  • D 12
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Question 295:
All the following are properties of an indifference curves except
  • A It can intersect
  • B It slopes downward from left to right like that of a normal demand curve
  • C As it shift rightward it indicate higher and higher level of satisfaction
  • D It does not intersect
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