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Monday, 29 June 2026
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Economics Past Questions and Answers

Economics Questions

Question 4706:
Consumer equilibrium under utility analysis occurs when:
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  • A MC equals AVC
  • B TU equals MU
  • C MUx/Px = MUy/Py
  • D AR equals MR
View Answer & Explanation
Question 4707:
The curve showing combinations of goods giving equal satisfaction is:
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  • A Demand curve
  • B Isoquant curve
  • C Indifference curve
  • D Supply curve
View Answer & Explanation
Question 4708:
GDP measures:
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  • A Citizens abroad only
  • B Output within a country
  • C Foreign investments
  • D Public debt
View Answer & Explanation
Question 4709:
Per capita income is calculated by:
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  • A GDP × Population
  • B National income ÷ Population
  • C Population ÷ Exports
  • D Revenue − Cost
View Answer & Explanation
Question 4710:
A tax charged at the same rate on all income levels is:
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  • A Indirect tax
  • B Regressive tax
  • C Progressive tax
  • D Proportional tax
View Answer & Explanation

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