Search SchoolNGR

Tuesday, 30 June 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 3686:
an industry is described as a group of firms
  • A That provides jobs for many people
  • B Which uses advance technology in production
  • C Which produces similar products
  • D That provides jobs for few people
View Answer & Explanation
Question 3687:
The largest component of national income in developing countries consist of?
  • A Profits
  • B Profit and rent
  • C Rent
  • D Wages and salaries
View Answer & Explanation
Question 3688:
A baker bought flour and other ingredients for $250.00, spent $52.00 on distribution, sold the bread for $320.00. the value added by the baker is?
  • A $302.00
  • B $52.00
  • C $18.00
  • D $622.00
View Answer & Explanation
Question 3689:
in a country with large population of full-time housewives, national income
  • A Will be composed of goods produced by women
  • B Figures will be grossly over-stated
  • C Statistics will be difficult to calculate
  • D Figures will be grossly under-stated
View Answer & Explanation
Question 3690:
demand pull inflation is likely to be caused by?
  • A An increase in the cost of factors inputs
  • B Increase in the income tax rate
  • C Increase in bank lending rates
  • D Increasingly large budget deficit
View Answer & Explanation