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Economics Past Questions and Answers

Economics Questions

Question 4181:
What is the median term in the distribution below ;14, 13 29 ,15 ,13,17 ,12, ____________
  • A 12
  • B 13
  • C 14
  • D 15
  • E 29
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Question 4182:
The middle value of an array figure arranged in descending order is referred to as the ____________
  • A Equation
  • B Mean
  • C Median
  • D Mode
  • E Variance
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Question 4183:
Abdul is faced with a choice between buying a new NOTE book and a pen with N10. Since the N10 can NOT give him both items he decide to buy NOTE book. The money cost to him is ____________
  • A N10
  • B N20
  • C N30
  • D N40
  • E N50
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Question 4184:
The theory of income determination is traced to ____________
  • A Rev Thomas Mathus
  • B Lord John Mynard Keynes
  • C Prof Adam Smith
  • D R G Lipsey
  • E Prof Umar SI
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Question 4185:
The per capita income is calculated as ____________
  • A GNP- working age population
  • B GNP- real national income
  • C GNP- total capital expenditure
  • D GNP- dependency ratio
  • E GNP- population
View Answer & Explanation