Economics Past Questions and Answers

The daily sales of a department store for one week are as follows <br/><table class='tbn'><tbody><tr><td> <b>Days</b> </td><td> Mon </td><td> Tue. </td><td> Wed. </td><td> Thu. </td><td> Fri. </td><td> Sat. </td></tr><tr><td> <b>Sales N</b> </td><td> 1750 </td><td> 1000 </td><td> 3500 </td><td> 2250 </td><td> 1000 </td><td> 2500 </td></tr></tbody></table><br/><br/><br/>(a) Present the above data in a bar graph. (The use of graph sheet is essential). <br/>(b) Calculate the average utility curve.<br/>

Explain five sources of finance that are available to a Public Limited Company.

State any two ways by which monopolistic competition and perfect competition are similar and any three ways in which they are different.

(a) Explain the methods of measuring the national income of a country<br/>(b) State any three problems associated with measuring national income.<br/>

(a) What is meant by devaluation?<br/>(b) Explain the measures by which a country can correct its balance of payments deficit.