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Economics Past Questions and Answers

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Economics Questions

Question 3236:

The following are all factors determining the location of industry except

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A Minimum wage rate
B Availability of labour
C Nearness of raw materials
D Proximity to the market

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Question 3237:

Which of the following is not a concept in National Income Accounting?

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A Domestic National Products (DNP)
B Gross National Product (GNP)
C Gross Domestic Product (GDP)
D Net Domestic Product (NDP)

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Question 3238:

Which of the following equation is appropriate for determining the Net Domestic Product (NDP)?

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A NDP = GNP - depreciation
B NDP = GDP + Net Income from abroad
C NDP = GDP - depreciation
D NDP = GDP * Net Income from abroad

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Question 3239:

Which of the following over estimates the value of national income?

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A Incomplete statistical data
B Wrong timing of computation
C Changes in price of goods within the year
D Double counting

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Question 3240:

The total stock of money available for use in an economy is

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A A function of money
B A characteristics of money
C The demand for money
D The supply of money

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