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Economics Past Questions and Answers

Economics Questions

Question 4366:
The mean of the following scores<br/><br/>30, 32, 34, 36, 38, 40 and 42<br/><br/>What is the mean deviation?
  • A 4.21
  • B 3.24
  • C 3.42
  • D 4.54
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Question 4367:
The value of money is affected by ____________
  • A Consumer’s income
  • B Effective demand
  • C Effective supply
  • D Equilibrium price
  • E General price level
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Question 4368:
Which of these factors causes a change in the quantity demanded of a commodity?
  • A Income
  • B Population
  • C Price of other commodities
  • D Price of the commodity concerned
  • E Taste and fashion
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Question 4369:
One of the positive contributions of the petroleum industry to Nigeria’s economic development is that it ____________
  • A Creates ecological problems
  • B Creates political unrest
  • C Creates uncertainties in government revenues
  • D Is a major foreign exchange earner
  • E Suppresses agricultural development
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Question 4370:
The unit for measuring changes in prices and output is called ____________ index
  • A Capital
  • B Expenditure
  • C Income
  • D Money
  • E Price
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