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Wednesday, 08 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3066:
A country whose economy is buoyant is likely to have
  • A A weak currency
  • B Devaluation from time to time
  • C A strong currency
  • D Balance of payment problem
View Answer & Explanation
Question 3067:
The Net National Product (NNP) is Gross National Product (GNP) less
  • A Domestic product
  • B Foreign product
  • C Depreciation
  • D Investment
View Answer & Explanation
Question 3068:
If the population of a country is low and the Gross National Product is high, the per capita income will be
  • A High
  • B Low
  • C Average
  • D Unitary
View Answer & Explanation
Question 3069:
The population of a country in a certain year was fifty million and her per capita income was $2,050. What was the national income?
  • A $750,000 million
  • B $100,250 million
  • C $102,500 million
  • D $125,050 million
View Answer & Explanation
Question 3070:
One of the advantages of capitalism is that
  • A Consumers are exploited
  • B Private iniatives is discouraged
  • C Efficient allocation of resource is assured
  • D Job security is assured
View Answer & Explanation