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Thursday, 02 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 4196:
Non-economic factors that influence the location of firms include ____________
  • A The existence of required materials for production
  • B Availability of population of buyers
  • C Adequate supply of power, good road and rail network
  • D The activities of politicians in deciding location of firms
View Answer & Explanation
Question 4197:
Which of the following is not an argument for the policy of privatization in West Africa?
  • A To make businesses more profitable
  • B Government is able to participate and control the operation of the privatized businesses
  • C Members of the public are able to acquire shares
  • D It encourages the inflow of capital and expertise from local and foreign sources
View Answer & Explanation
Question 4198:
Use this data below to answer the question
The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120

What is the country's Gross National (GNP)?
  • A $ 3.050
  • B $ 2.680
  • C $ 2,350
  • D $2,100
View Answer & Explanation
Question 4199:
Use this data below to answer the question
The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120

What is the country's Net National Product (NNP) at factor cost?
  • A $3.050
  • B $2,680
  • C $2,230
  • D $2.220
View Answer & Explanation
Question 4200:
The standard of living in two countries can be compared using the ____________
  • A Number of industries in each country
  • B Size of their arms and ammunition
  • C Size of their national incomes only
  • D Gross national product per head
View Answer & Explanation