Search SchoolNGR

Saturday, 25 April 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 341:
From the table above, Calculate the price elasticity of supply
  • A 0.50
  • B 0.80
  • C 2.00
  • D 1.25
View Answer & Explanation
Question 342:
From the graph above, the consumer will attain equilibrium at point
  • A J
  • B K
  • C L
  • D M
View Answer & Explanation
Question 343:
The major determinant of the total volume of output in an economy is the
  • A Level of total expenditure
  • B Composition of consumer spending
  • C Number of farmers
  • D Size of the labour force
View Answer & Explanation
Question 344:
The labour force of a country is determined by the
  • A Age structure of the population
  • B Geographical distribution of the population
  • C Sex distribution of the population
  • D Number of people available for work
View Answer & Explanation
Question 345:
What is the percentage contribution of services to the national income?
  • A 15%
  • B 10%
  • C 54%
  • D 24%
View Answer & Explanation