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Wednesday, 01 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 4816:
National income can be calculated using:
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  • A Income expenditure and output methods
  • B Export and rainfall methods
  • C Population and trade methods
  • D Climatic and political methods
View Answer & Explanation
Question 4817:
Which of the following is part of GNP?
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  • A Illegal foreign transactions
  • B Used commodity resale
  • C Citizen income earned abroad
  • D Household transfer payments
View Answer & Explanation
Question 4818:
One component of national income is:
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  • A Electoral expenses
  • B Rainfall distribution
  • C Wages and salaries
  • D Population density
View Answer & Explanation
Question 4819:
National income estimates help government to:
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  • A Organize sporting events
  • B Determine weather conditions
  • C Control population growth
  • D Plan economic policies
View Answer & Explanation
Question 4820:
When marginal cost is falling:
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  • A Revenue becomes fixed
  • B Marginal product is negative
  • C Marginal product is rising
  • D Total product is falling
View Answer & Explanation

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