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Economics Past Questions and Answers

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Economics Questions

Question 4361:

A change in National Income brought about by a given change in investment is ____________

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A APC
B APS
C MPC
D MPS
E The multiplier

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Question 4362:

If total Income is N15m and total consumption Is N3m. then the average propensity to consume is ____________

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A 0.2
B 0.6
C 0.7
D 5
E 10

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Question 4363:

The following are the differences between domestic and international trade EXCEPT

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A Cultural differences
B Currency
C Land
D Language
E Laws

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Question 4364:

Which of the following is NOT an advantage of tabular presentation of data?

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A Enables easy location of required figures
B Helps to calculate derived quantities
C Makes for easy comparison of figures
D Occupies more space than mathematical equation
E Shows whether the figures are increasing or decreasing

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Question 4365:

Average total cost can be expressed as ____________

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A Average fixed cost plus average variable cost
B Change in total cost divided by change in output
C Total fixed cost divided by total output
D Total fixed cost plus total variable cost
E Total variable cost divided by total output

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